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Comment Section for A Strong Jobs Report Suggests the Economy Is More Resilient Than We Thought - The New York Times

Screenshot of A Strong Jobs Report Suggests the Economy Is More Resilient Than We Thought - The New York Times www.nytimes.com/2024/10/04/business/economy/job-market-hiring-wage.html

After months of wobbling, a fresh jobs report showed that hiring and wage growth are strong, aligning with other robust economic data.

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The article from The New York Times provides an update on the U.S. economy, focusing on a recent strong jobs report that indicates the economy is more resilient than previously thought. Despite months of uncertainty, new data reveals robust hiring and wage growth, aligning with other strong economic indicators. This is good news for the Federal Reserve and the White House, with the latter hoping to leverage the positive data for political gains in the upcoming presidential election. The report also suggests that the economy might have achieved a "soft landing," where inflation comes down without causing economic pain. This paints a more optimistic picture of the U.S. economy, showing it's robust and potentially stabilizing, with a labor market that is arguably stronger than before the pandemic. The article concludes by suggesting the Federal Reserve can proceed with more gradual adjustments, with no immediate danger of the job market worsening.

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Oct. 4, 2024, 3:53 p.m.

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