Tag: news18

But the official government data paint an excessively rosy image of the variety of individuals battling insufficient part-time work. Mr. Biden said the previous year’s job features — 6.6 million — and a rapidly declining unemployment rate had shattered records. While that is true, the economy was clambering again after historically massive job losses at the Carrer News onset of the pandemic. The U.S. financial system grew 5.2 p.c within the third quarter of this 12 months, the Commerce Department reported, the quickest in practically two years, although economists forecast slower progress in the ultimate quarter. Economists in a Bloomberg…