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CNN CNN Newsroom July 7, 2024

u.s. economy added some 261,000 jobs in october, the unemployment rate ticked up slightly to 3.7%. that jobs figure lower than the month before, however, still higher than economists had forecast. cnn chief business correspondent christine romans joins us to break down the numbers. you always say wisely the trend is your friend. so what do these latest numbers show us about the trend in the job market and is this what the fed was looking for? so first i would call this resilient but slowing the rate of job growth here. 261,000 net new jobs added, you know, that is a strong showing in any economy, but the trend is important here. we re averaging about 400 and change a month this year and this is the slowest pace of job creation in almost two years. so still strong, still resilient, but starting to slow here. the government noting that that unemployment rate has been stuck in this 3.5 to 3.7% range since march. it s still stuck in that range, even after six months now o ....

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CNN CNN Newsroom June 4, 2024 13:45:00

Global assets which is the middle of what we are in now. i do want to talk about the repricing of assets. when you look to the economy, supply chain issues, china s economic slowdown of course the debate here frames it as a party versus party issue, but as a president of the world bank what is actually driving a slowing of the world economy? that s really important. so it s the energy realignment that s going on from the russia war and also then the severe slowdown in europe, including the uk, and also now china is doing another lockdown. so you ve got quite a few parts of the advanced economies outside the u.s. that are really slowing down. and i have to say the biggest hit is on poor people around the world, wherever they are, they re feeling inflation and they re feeling the rate hikes and for the developing countries ....

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