{"id":2019100,"date":"2023-09-01T08:43:02","date_gmt":"2023-09-01T12:43:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/employment-growth-unexpectedly-accelerates-with-187000-jobs-added-in-august\/"},"modified":"2023-09-01T08:44:44","modified_gmt":"2023-09-01T12:44:44","slug":"employment-growth-unexpectedly-accelerates-with-187000-jobs-added-in-august","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/employment-growth-unexpectedly-accelerates-with-187000-jobs-added-in-august\/","title":{"rendered":"Surprising boost in employment as 187,000 jobs added in August."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Femployment-growth-unexpectedly-accelerates-with-187000-jobs-added-in-august%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2019100&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>The Economy Continues to Thrive \u200cwith Strong Job Growth<\/h2>\n<p>The economy exceeded expectations in August \u2062by adding an impressive 187,000 jobs. This is yet another indication\u2062 that the labor market is still gaining momentum,\u2063 despite the Federal Reserve&#8217;s interest rate hikes.<\/p>\n<p>The headline job\u200d growth number in Friday&#8217;s employment report from the Bureau of Labor Statistics was in\u200b line\u200b with predictions. However, it&#8217;s\u200d worth \u2062noting that the unemployment rate\u2063 did rise to 3.8%, which is still historically low.<\/p>\n<p>What&#8217;s particularly \u2063interesting is that the\u200d Federal Reserve&#8217;s continuous\u200c efforts to increase\u200b interest rates have not had as significant an impact on\u200c the broader economy as \u200banticipated. This could potentially increase the likelihood of further\u2063 rate hikes by the \u2064Fed later this \u2063year.<\/p>\n<h2>California: \u200dThe Epicenter of Retail Theft Prosecution\u200b Controversy<\/h2>\n<p>The Federal Reserve \u2062has been implementing a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/employment-growth-unexpectedly-accelerates-with-187000-jobs-added-in-august\/\" title=\"Surprising boost in employment as 187,000 jobs added in August.\">historic monetary policy tightening<\/a> in\u2063 response \u200cto the inflation\u2063 that has affected households over the past few\u200c years. The consumer \u2063price\u200c index shows that annual \u2064inflation has dropped from over\u2064 9% in June of last\u200c year to just over 3% this \u200cJune.<\/p>\n<p>According to a report released on Thursday, the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/the-numbers-are-in-bidens-inflation-is-not-going-away\/\" title=\"The Numbers Are In, Biden\u2019s Inflation Is Not Going Away\">consumption expenditures index<\/a>, which is favored by the Fed, indicates that prices rose at a 3.3% annual rate in \u2064July.<\/p>\n<p>Despite\u200c the\u2062 rate hikes, the country&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-hits-back-at-critics-who-say-us-in-decline\/\" title=\"Biden counters critics claiming US decline.\">gross domestic product\u200d growth<\/a> has \u200dremained surprisingly strong. The government&#8217;s GDP estimates reveal a 2.1% annual growth \u200drate in the second quarter of this year,\u2062 following a \u200d2% growth in the\u2063 first \u2064quarter.<\/p>\n<p>However, there\u2062 are some negative \u2064consequences of \u200bthe interest rate hikes\u200b that\u200b are impacting consumers. Higher interest\u200c rates have made it more \u2062challenging \u200bfor individuals \u2063to pay\u200b off credit\u200b card debt and have \u200cmade housing less affordable for many families.<\/p>\n<p><strong><a href=\"https:\/\/www.washingtonexaminer.com\">Click here to \u200bread more from The Washington Examiner<\/a><\/strong><\/p>\n<p>As\u2062 of Thursday, the average \u200brate on a\u2064 <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/middle-class-millennials-hard-hit-by-housing-market\/\" title=\"Middle Class, Millennials Hard Hit By Housing Market\">30-year fixed-rate mortgage<\/a> was just\u200d over 7%, according to \u200cMortgage News Daily. This is a\u2063 slight decrease\u200d from the 7.42% recorded last week,\u2062 which marked \u2064the\u2063 highest\u2064 mortgage\u200c rates \u2063since 2000.<\/p>\n<p>The Biden administration\u2063 has launched a political\u2064 campaign called \u200c&#8221;Bidenomics&#8221; to \u200dhighlight \u200dthe positive aspects of the\u200b economy and\u2063 associate the president with the good news. The\u2062 goal is\u200d to\u2063 persuade voters to reelect Biden in 2024 by showcasing an improved economy. However, \u2063this\u2063 desired\u2062 outcome has not \u200byet materialized.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In August, the economy surpassed expectations by adding 187,000 jobs, indicating that the labor market remains strong despite the Federal Reserve&#8217;s interest rate increases. Although the unemployment rate rose to 3.8%, which is historically low, the headline job growth figure in the Bureau of Labor Statistics&#8217; employment report was in line with predictions.<\/p>\n","protected":false},"author":1,"featured_media":2019101,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-2019100","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2019100","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2019100"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2019100\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2019101"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2019100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2019100"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2019100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}