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U.S. Economy Booming

July 6th, 2019 by WCBC Radio

U.S. employers sharply stepped up their hiring in June, adding a robust 224,000 jobs, an indication of the economy's durability after more than a decade of expansion. The strength of the jobs report the government issued Friday could complicate a decision for the Federal Reserve late this month on whether to cut interest rates to help support the economy. Most investors have anticipated a rate cut in July and perhaps one or two additional Fed cuts later in the year. That scenario may be less likely now.

5 Responses to “U.S. Economy Booming”

  1. July 06, 2019 at 11:41 am, kevin said:

    Yet, locally there are a whole bunch of hard working men and women who through no fault of their own lost their job in the Mill. That is a bust, not a boom. Locally people struggle to find jobs that pay 40 hours a week at generally at or close to minimum wages. The GOP theory that a rising tide lifts all boat isn’t working in the sinkhole called Allegany County.

    Reply

    • July 06, 2019 at 12:35 pm, Jay said:

      Why didn’t the Supreme Leader fire out a couple tweets threatening Verso to think twice about closing a 130 year old industry in an area that’s been depressed for nearly 4 decades, similar to what he did when the Carrier plant in the midwest was cutting jobs?

      Reply

      • July 06, 2019 at 12:35 pm, Jay said:

        Trickle down is a myth.

        Reply

  2. July 07, 2019 at 12:07 am, Pat said:

    Because Carrier was planning on moving their work to Mexico.

    Reply

    • July 08, 2019 at 11:57 am, Jay said:

      And Verso has been out-sourcing to China.>

      Reply

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