Commentary New jobs created printed at 311,000 on Mar. 10, according to the Establishment Survey, far exceeding market expectations of 205,000 jobs. The Household Survey printed lower at 150,000. Net revisions were down 34,000 from December and January. The overwhelming majority of jobs were in the lower-wage sector, and job losses occurred in some of…
Jobs Prints at 311,000, but Economy Still on Track for Recession in Third Quarter 2023
March 10, 2023
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Small Businesses to Be Hit Hard by Recession, Says Former Budget Officer
An economic slowdown is “likely inevitable” and small businesses will be impacted significantly, a former parliamentary budget officer told the Senate banking committee on Dec. 1. “It’s going to hurt small businesses significantly because with higher interest rates, people are not going to want to use credit,” said former budget officer Kevin Page, according to…
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