First Economic Update for August, 2023-US Credit Rating Downgrade, Interest rates, Employment and more
From the New York Times: U.S. Extends Job Growth Streak Even as Economy Cools-Employers added 187,000 workers in July, a slower pace than the recent norm, but “more sustainable,” one economist said.
The U.S. economy continued to generate sturdy employment growth in July, but it showed definite signs of cooling alongside the Federal Reserve’s battle to suppress inflation.