{"id":120914,"date":"2024-11-01T18:12:53","date_gmt":"2024-11-01T11:12:53","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=120914"},"modified":"2024-11-01T18:12:53","modified_gmt":"2024-11-01T11:12:53","slug":"expect-the-unexpected-in-the-jobs-report","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=120914","title":{"rendered":"Expect the unexpected in the jobs report"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div data-editable=\"content\" itemprop=\"articleBody\" data-reorderable=\"content\">\n<p>\n    <cite class=\"source__cite\"><br \/>\n      <span class=\"source__location\" data-editable=\"location\"\/><br \/>\n      <span class=\"source__text\" data-editable=\"source\">CNN<\/span><br \/>\n        \u00a0\u2014\u00a0<br \/>\n    <\/cite>\n<\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm2xnvrch003a26nn04zaf9d6@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            The barrage of economic data released so far this week has painted a pretty clear picture: <a href=\"https:\/\/www.cnn.com\/2024\/10\/30\/economy\/us-economy-gdp-q3\/index.html\">Growth is rock solid<\/a>, and inflation is all but tamed.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm2xnwr4l00053b6mhmfhhwhi@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            In any other month, the finishing touch would be a clean reading on the labor market from the official jobs report.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm2xnwr4l00063b6mkd5co3uq@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            However, it\u2019s entirely possible that Friday\u2019s employment data, set to be released at 8:30 am ET, could be downright abstract.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm2xnwr4l00073b6mmodjjp10@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            The impacts and ripple effects of two major hurricanes and several labor strikes (including a massive one at Boeing) are <a href=\"https:\/\/www.cnn.com\/2024\/10\/03\/economy\/us-jobs-report-september-preview\/index.html\">expected to weigh heavily<\/a> on the October employment numbers.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm2xnwr4l00083b6m4ft6w1h3@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Economists\u2019 crystal balls are cloudy, and estimates for the headline number vary widely, with some saying the economy could even have lost jobs last month. However, a common thread among economists is that the strikes and hurricanes could take a 100,000-job bite out of the October jobs report.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm2xnwr4l00093b6mxo7vz0yk@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            As of Thursday morning, FactSet consensus estimates were for a net gain of 117,500 jobs in October. That would mark a sharp drop-off from the surprisingly strong preliminary estimate of <a href=\"https:\/\/www.cnn.com\/2024\/10\/04\/economy\/us-jobs-report-september-final\/index.html\">254,000 jobs added in September<\/a>. The unemployment rate is expected to hold steady at 4.1%.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm2xnwr4l000a3b6maxc2cm57@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Data distortions are never ideal, but having an expectedly messy jobs report land just days before a consequential election and a pivotal Federal Reserve meeting is particularly prickly.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm2xnwr4l000b3b6mldr3ki09@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            \u201cWe wanted to be able to say something about, \u2018Are things getting weaker, or are they holding in a good place?\u2019\u201d Claudia Sahm, chief economist at New Century Advisors, told CNN in an interview. \u201cIt\u2019s going to be really tough \u2014 not impossible \u2014 but it is going to be tough on Friday to be able to say that with any conviction.\u201d\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm2xnwr4l000d3b6m9ktjeffu@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            To this point, the labor market has shown continued resilience and stability.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm2xnwr4l000e3b6mufx82h8q@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Job gains have slowed (as has been expected) from the gangbuster days of the pandemic recovery; but despite the dual pressures of fast-rising prices and inflation-fighting high interest rates, the job market hasn\u2019t collapsed.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm2xnwr4l000f3b6mojnm1nip@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            That\u2019s not to say there hasn\u2019t been some concern, especially after monthly totals for July and August came in lower than expected. There was a bounce-back in September, but plenty of questions remain as to how much that strength will stick.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm2xnwr4l000g3b6m0do43yjq@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Hiring activity has slipped, employees aren\u2019t quitting their jobs as freely as before and job openings rates are mirroring those seen in 2018 and 2019, <a href=\"https:\/\/www.cnn.com\/2024\/10\/29\/economy\/us-job-openings-jolts-layoffs-september\/index.html\">according to the latest Job Openings and Labor Turnover Survey<\/a> from the Bureau of Labor Statistics.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm2xnwr4l000h3b6m3jrmgj8p@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Still, despite the overall cooling trend, the job gains in recent months have started to become more broad-based across the economy.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm2xnwr4l000i3b6mbsiga7z1@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Layoffs have remained muted and continue to do so. The number of people who applied for first-time\u00a0unemployment\u00a0benefits fell by 12,000 to 216,000 for the week ending October 26, according to Department of Labor data released Thursday morning. Economists polled by FactSet expected initial claims to fall slightly to 227,000 from the prior week\u2019s revised level of 228,000.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm2xnwr4l000j3b6m5r1mjbwz@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            The number of people continuing to receive\u00a0unemployment\u00a0benefits also declined, falling by 26,000 to 1.86 million for the week ending October 19. Economists were expecting continuing claims to rise to 1.94 million.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm2xnwr4l000k3b6m9fkwk1qu@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Also on Thursday, the latest job cuts report from Challenger, Gray &amp; Christmas showed that layoff announcements dropped nearly 24% in October from September (but were 4% higher than a year ago).\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm2xnwr4l000l3b6mrk2llwhr@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Separately, new data released Wednesday by payroll processor ADP seemed to indicate that the jobs market remained on solid footing. Job gains in the private sector soared in October, according to ADP (whose methodology differs from how the BLS calculates striking and weather-affected workers \u2026 more on that later).\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm2xnwr4l000n3b6mho2uoo6t@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            There are a few knowns and a boatload of unknowns in the shocks that could distort October\u2019s payroll numbers.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm2xnwr4l000o3b6mct2vvusf@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            <strong>What\u2019s known: <\/strong>Striking aerospace machinists and hotel workers are expected to reduce the October employment counts <a href=\"https:\/\/www.cnn.com\/2024\/10\/25\/economy\/bls-strike-report-boeing\/index.html\">by more than 40,000 jobs<\/a>, according to the <a href=\"https:\/\/www.bls.gov\/ces\/publications\/strike-report.htm\" target=\"_blank\" rel=\"noopener\">BLS\u2019 latest strike report<\/a>. In October, there were 41,400 new striking workers (the lion\u2019s share at Boeing) in addition to an ongoing video game voice actor strike.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm2xnwr4l000p3b6m0wtcykqe@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            On October 11, Boeing, which has the lion\u2019s share of striking workers, announced plans to cut its workforce by 10%, or 17,000 jobs. Based on the timing of that announcement alone, none of those cuts will detract from October\u2019s employment tally.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm2xnwr4l000q3b6mlxugv9sp@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            <strong>What\u2019s unknown: <\/strong>Businesses don\u2019t operate in a vacuum, so if operations dwindle or grind to a halt without their workers, that will ripple through to other firms.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm2xnwr4l000r3b6mmlu22mdb@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            The Boeing strike, for example, has potentially resulted in 5,000 to 7,000 layoffs at non-Boeing companies in Washington and Oregon, but it\u2019s hard to know the full extent, Joe Brusuelas, chief economist at RSM US, told CNN.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm2xnwr4l000s3b6m6fdhhtlw@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            The biggest unknown will be the impact from the hurricanes. The last time there were back-to-back major hurricanes \u2014 Harvey and Irma in 2017 \u2014 the forecasts for the following month\u2019s jobs report were for a loss of 33,000 positions.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm2xnwr4l000t3b6mubslglwl@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            That September 2017 reading was later revised upward once more information had been obtained. In addition to the direct and devastating impacts that keep people out of work, weather events also impact the BLS\u2019 ability to collect data from businesses and households.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm2xnwr4l000u3b6m99ehr5u7@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            \u201cIn a hurricane, the top priority is not sending your numbers into BLS,\u201d Sahm said. \u201cThe estimates in a natural disaster tend to get more imprecise.\u201d\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm2xnwr4l000v3b6mxd7gtdkm@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            The timing of Helene\u2019s and Milton\u2019s respective landfalls, however, could mean a massive or even minimal impact to the October jobs report, economists tell CNN.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm2xnwr4l000x3b6mxtwnhx0q@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            The monthly jobs report is composed of two surveys: one of non-farm businesses and entities about employment, hours, and earnings; and the other of households to obtain the labor force status of individuals as well as demographic details.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm2xnwr4l000y3b6m2xvat9j6@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            And each contribute to two of the biggest numbers in the monthly jobs report. The monthly payroll numbers are drawn from the business (establishment) survey while the unemployment rate is generated from the household survey data.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm2xnwr4l000z3b6m0i3f5nd5@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            <a href=\"https:\/\/www.bls.gov\/news.release\/empsit.faq.htm\" target=\"_blank\" rel=\"noopener\">A key date to keep in mind for the jobs report is October 12<\/a>, as it anchors the \u201creference period\u201d for both surveys. However, this is where it also gets complicated.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm2xnwr4l00103b6m9xdc8p0k@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            In the establishment survey, the reference period is the pay period that includes the 12th of the month. If an employee worked and received pay for any part of that period (which could be one or multiple weeks, depending on the firm), they will be counted as employed.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm2xnwr4l00113b6mivromooz@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            In the household survey, the reference period is typically the calendar week that includes the 12th of the month; however, people who miss that week of work for weather-related events are counted as employed (regardless of pay). The household survey does include data on people who are out of work due to bad weather.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm2xnwr4l00123b6mogs3148j@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            As such, even though the household survey is typically considered the more volatile of the two, how much or how little the unemployment rate shifts could provide a true indicator of how the underlying labor market is faring, Sahm said.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm2xnwr4l00133b6mtbemah5g@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Going back to the establishment survey and its timing, it\u2019s possible that the hurricanes might not have as much of an impact as some have feared, said Oliver Allen, senior US economist at Pantheon Macroeconomics, told CNN.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm2xnwr4l00143b6miciqct8f@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Applications for first-time unemployment benefits spiked in the weeks following Helene\u2019s landfall in late September but came back down during the reference week, he said. Also, Milton hit late on October 9, meaning that anyone who worked between Sunday, October 6 and Wednesday before the storm would be counted as employed, he added.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm2xnwr4l00153b6mulw0qbtx@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            \u201cBut we could be surprised,\u201d he said.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm2xnwr4l00163b6m5b3t6znb@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Pantheon\u2019s current estimate is for a 100,000 net payroll gain, which includes a subtraction of 65,000 workers affected by strikes and hurricanes.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm2xnwr4l00173b6m78nj8gww@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Even so, if strikes and hurricanes were not part of the equation, monthly job growth in the realm of 165,000 would still be historically strong, BLS data shows.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm2xnwr4l00193b6m81fwhzio@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            At a time when economic data has become increasingly politicized, Democrats are bracing for a weak jobs report and the potential for Republicans to use the data as campaign fodder in the final stretch of the race.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm2xnwr4l001a3b6m18pgiasw@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            While the weaker data is expected, White House and Harris campaign officials acknowledge the potential for Republicans to seize on any downtick, especially after recent weeks in which Vice President Kamala Harris has been chipping away at former President Donald Trump\u2019s lead on the economy. A poll conducted last week by The New York Times and Siena College found Harris has cut Trump\u2019s lead on handling the economy to 6 points from a 13-point lead in September. One-third of likely voters said the economy or inflation were their top issue.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm2xnwr4l001b3b6msilt3jpc@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Harris advisers are optimistic that, with just a couple of days left in the presidential race, voters are less likely to be moved by a single data point than they are by messaging.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm2xnwr4l001c3b6mafr0lesh@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            \u201cWe\u2019re just so close to the election now,\u201d one Harris adviser told CNN. \u201cThe more exposure there is to the economic issues and the economic contrast, that works to the Vice President\u2019s favor at this point.\u201d\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm2xnwr4l001d3b6mhtlemgan@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            The broader economic backdrop is one of startling resilience. The US economy <a href=\"https:\/\/www.cnn.com\/2024\/10\/04\/economy\/us-jobs-report-september-final\/index.html\">grew 2.8% in the third quarter<\/a>, driven by continued strong consumer spending; <a href=\"https:\/\/www.cnn.com\/2024\/10\/29\/economy\/us-consumer-sentiment-rose-in-october\/index.html\">consumer confidence soared<\/a> to its highest reading since March 2021; and gas prices, a pain point for the Biden administration for years, <a href=\"https:\/\/www.cnn.com\/2024\/10\/29\/business\/gas-prices-inflation-trump-harris\/index.html\">have fallen below $3 a gallon<\/a> in several states.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm2xnwr4l001e3b6m2co0bz09@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            But, for voters, inflation that\u2019s raised the cost of everyday goods dramatically in the last four years has continued to <a href=\"https:\/\/www.cnn.com\/2024\/08\/15\/business\/inflation-cpi-housing-nightcap\/index.html\">cast a cloud<\/a> over voter sentiment, along with the spiraling cost of housing and interest rates at a 23-year high. A poll conducted by the Associated Press found 7 in 10 respondents suggest the economy is on the wrong track.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm2xnwr4l001f3b6mvrz4ppfx@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            \u201cPrices are still too high for too many people, for too many products, too many households,\u201d said Jared Bernstein, President Joe Biden\u2019s chief economist. \u201cThey still remember what things used to cost.\u201d\n    <\/p>\n<\/p><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.cnn.com\/2024\/11\/01\/economy\/us-jobs-report-october-final\/index.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CNN \u00a0\u2014\u00a0 The barrage of economic data released so far this week has painted a pretty clear picture: Growth is rock solid, and inflation is all but tamed. In any &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=120914\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-120914","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/120914","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=120914"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/120914\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=120914"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=120914"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=120914"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}