Category: United States Economy

Strong Job Growth in January is a Boost for Biden

The New York Times – Business:
President Biden has for months pointed to solid hiring trends as evidence that his agenda has rebuilt the economy after the pandemic shutdowns.
U.S. employers added 517,000 jobs in January.

The New York Times – Business:
The hefty hiring figures defied expectations and underscored the challenges facing the Federal Reserve, which is trying to cool the labor market in its effort to tame rapid inflation.
China mira hacia México para satisfacer al mercado de EE. UU.

The New York Times – Business:
Alarmadas por el caos naviero y las fracturas geopolíticas, las compañías de China están instalando fábricas en México para preservar sus ventas en Estados Unidos.
Why Chinese Companies Are Investing Billions in Mexico

The New York Times – Business:
Alarmed by shipping chaos and geopolitical fractures, exporters from China are setting up factories in Mexico to preserve their sales to the United States.
Amazon Reports Almost No Profit and Slowing Growth

The New York Times – Business:
The company indicated the slowing growth and tight margins would continue in the first three months of this year.
Brian Deese, Top Economic Aide to Biden, Will Step Down

The New York Times – Business:
Brian Deese, the director of the National Economic Council, played a pivotal role in negotiating economic legislation the president signed in his first two years in office.
Egg Shortages Are Driving Demand for Raise-at-Home Chickens

The New York Times – Business:
People are snapping up chickens that are “heavy layers” in response to egg inflation. The chick situation holds lessons about the broader economy.
Falling Mortgage Rates Bring Some Home Buyers Back to Market

The New York Times – Business:
Buyers are returning after being sidelined by a jump in borrowing costs, but experts say that the uncertain state of the economy is what will drive the market’s next moves.
U.S. Survey Shows an Uptick in Job Openings, and Not in Layoffs

The New York Times – Business:
The Labor Department found a rise in the number of posted jobs per worker in December, despite the Fed’s efforts to cool the labor market.
Biden and McCarthy Are Set to Discuss Debt Limit as Both Sides Trade Barbs

The New York Times – Business:
The hours leading up to the meeting have highlighted the differences between the White House and the Republicans who now control the House.
Stock Market’s Newfound Optimism Faces Test as Fed Meets

The New York Times – Business:
Recent stock gains have been driven by hope that a rate-raising cycle is close to ending. If investors decide they were wrong about this, a drop could follow.
In Debt Limit Fight, Republicans Won’t Say What Spending Cuts They Want

The New York Times – Business:
A renewed focus on fiscal restraint in the debt limit standoff with Democrats poses its own political risks.