{"id":67962,"date":"2022-11-04T13:00:08","date_gmt":"2022-11-04T13:00:08","guid":{"rendered":"https:\/\/tahrir2day.com\/news\/2022\/11\/04\/us-jobs-growth-solid-but-slowing-amid-inflation-fight\/"},"modified":"2022-11-04T13:00:08","modified_gmt":"2022-11-04T13:00:08","slug":"us-jobs-growth-solid-but-slowing-amid-inflation-fight","status":"publish","type":"post","link":"https:\/\/tahrir2day.com\/news\/2022\/11\/04\/us-jobs-growth-solid-but-slowing-amid-inflation-fight\/","title":{"rendered":"US jobs growth solid but slowing amid inflation fight"},"content":{"rendered":"<div >\n<p ><b >US job growth continues at a solid, albeit slower, pace despite rising prices and higher borrowing costs weighing on the economy. <\/b><\/p>\n<\/div>\n<div >\n<p >Employers added 261,000 jobs in October, while the unemployment rate edged up to 3.7%, the US Labor Department said on Friday.<\/p>\n<\/div>\n<div >\n<p >The news comes as the economy remains a top concern for voters ahead of next week&#8217;s midterm elections.<\/p>\n<\/div>\n<div >\n<p >Democrats have argued that the US economy is healthy.<\/p>\n<\/div>\n<div >\n<p >Employment gains have been stable and unemployment remains low, although rising slightly from 3.5% in September.<\/p>\n<\/div>\n<div >\n<p >But consumer prices are rising at a pace not seen since the early 1980s, rising 8.2% in the 12 months to September. <\/p>\n<\/div>\n<div >\n<p >While the rate has slowed since June as fuel prices fall, the cost of groceries, medical bills and many other items continue to rise.<\/p>\n<\/div>\n<div >\n<p >&#8220;People are depressed and they often vote with their wallets,&#8221; said Beth Ann Bovino, chief US economist at S&#038;P Global Ratings.  &#8220;Inflation is almost everywhere. People are being squeezed at the register, they are being squeezed with their rent payments trying to buy a house.&#8221;<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>US job growth continues at a solid, albeit slower, pace despite rising prices and higher borrowing costs weighing on the economy. Employers added 261,000 jobs in October, while the unemployment rate edged up to 3.7%, the US Labor Department said on Friday. The news comes as the economy remains a top concern for voters ahead [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-67962","post","type-post","status-publish","format-standard","hentry","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v18.1 (Yoast SEO v18.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>US jobs growth solid but slowing amid inflation fight - Tahrir News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tahrir2day.com\/news\/2022\/11\/04\/us-jobs-growth-solid-but-slowing-amid-inflation-fight\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US jobs growth solid but slowing amid inflation fight\" \/>\n<meta property=\"og:description\" content=\"US job growth continues at a solid, albeit slower, pace despite rising prices and higher borrowing costs weighing on the economy. 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