Job creation in November bounced back, with 227,000 jobs created, after coming to a standstill in October.
Read MoreCommentary: Confidence That Trump’s Economy Is Returning Fueled the Latest Strong Jobs Report
Tag: Job Creation
Atlanta Fed’s Bostic ‘Optimistic’ Economy Headed ‘In the Right Direction’
The head of the Federal Reserve Bank of Atlanta remains “quite optimistic that things are heading in the right direction.”
In a video message posted Thursday alongside a longer-form piece, Raphael Bostic, president and chief executive of the Federal Reserve Bank of Atlanta, said that after the inflation rate declined rapidly in the second half of 2023, it seemed to stall early this year.
Read MoreCommentary: New Biden Labor Dept. Rule Likely to Hurt Millions of Small Businesses, Independent Contractors
Some 99% of American companies are small businesses, and 100% of businesses started out small, but a recently finalized rule from the Biden administration’s Labor Department will make it harder for small businesses to start, grow and succeed.
As of last May 1, a White House news release pointed out, “Young firms, which often start small with few employees, are a driving force in job creation.” That’s been particularly true since the COVID-19 pandemic, as small businesses with fewer than 50 employees have accounted for a growing share of new jobs.
Read More