Job growth may stall in the second half of 2024 as low growth and high inflation continue to elevate fears of stagflation, a report released Monday by the research group The Conference Board shows.
New orders for manufactured durable goods, which serve as an indicator for longer-term investments from businesses and consumers, had a huge downward revision for January, following similar revisions seen in jobs data.
The original number of jobs reported by the federal government in 2023 was revised down by a total of 749,000 jobs, meaning nearly one-fourth of jobs thought to be created in the year were not actually there, according to data from the Bureau of Labor Statistics (BLS) analyzed by the Daily Caller News Foundation.
The Department of Defense has neglected to address its inability to keep track of at least $220 billion in equipment provided to government contractors, according to a Tuesday report by the Government Accountability Office.