A mixed bag for the economy Friday: The national jobs report for showed a decrease in unemployment but stocks tumbled as investors anticipate more aggressive interest rate hikes from the Federal Reserve.
WASHINGTON A mixed bag for the economy Friday: The national jobs report for showed a decrease in unemployment but stocks tumbled as investors anticipate more aggressive interest rate hikes from the Federal Reserve.
Employers added 263,000 jobs to the economy in September, the jobs report showed, though it also showed a slowdown in hiring. President Joe Biden celebrated the report, calling it “the progress we need to see,” and said he remains optimistic about the state of the economy.
“Our job market continues to show resilience,” he said.
