inflation? there are different ways to look at this. so for americans it means the hiring continues, 263,000 jobs and it was pretty broad-based hiring, but when you look at the trend, poppy, it is the slowest pace of hiring since about april 2021, it matches april 2021. so when you look at that nice bar chart you can see slowing jobs growth and that s exactly what the fed is looking for. it s been raising interest rates now for six months and it actually takes about six months for monetary policy to effect these kind of economic statistics. back in march raised interest rates 25 basis points, now this is where we are in september. but the jobless rate fell back to near that 50-year low of 3.5%. that s near full employment and we ve seen from other statistics people who want a job have a couple of jobs to choose from really in this economy here. so 3.5% still low across the board hiring. leisure and hospitality 83,000, health care 60,000. now you are back to pre-pandemic lev
Srinath Goud Vanga, a leading architect of artificial intelligence and machine learning at O9 Solutions, brings over 12 years of expertise to the field.
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