Lates News

Data released by the US Bureau of Labor Statistics on Friday showed that the US economy added 115,000 new jobs in April, exceeding Wall Street expectations for the second consecutive month. This number was lower than the revised 185,000 new jobs added in March, but higher than the 65,000 expected by economists in a survey. In recent months, US employment data has fluctuated significantly, swinging between substantial growth and substantial decline, making it difficult for analysts to evaluate the overall economic health. Although the unemployment rate remains relatively low, there is an increasing internal disagreement within the Federal Reserve on how to deal with the energy shock caused by the Iran war, with policymakers debating its potential impact on the economy. Some officials are concerned that rising inflation may accompany an increase in unemployment, leading to a stagflation scenario as consumers reduce spending and employers lay off workers. Cleveland Federal Reserve President Loretta Mester said on Thursday that if businesses see a weakening in demand for their products, they may reduce hiring. Currently, it seems that almost everyone who wants a job can find one. However, if there is pressure on the demand side, the Federal Reserve's mandate regarding employment may face risks. Therefore, there is currently a great deal of uncertainty.