The U.S. economy added 818,000 fewer jobs from April 2023 through March this year than were originally reported, the government said Wednesday. The revised total adds to evidence that the job market has been steadily slowing and likely reinforces the Federal Reserve’s plan to start cutting interest rates soon. The Labor Department estimated that job […]
Tag: interest rates
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First time home buyers face steeper climb in NKY market
This story originally appeared in the March 31 edition of the weekly LINK Reader. To get these stories first, subscribe here. Buyers are returning to the market faster than inventory, and realtors are seeing an uphill battle for renters looking to transition to homeownership. Northern Kentucky native Thomas Hedger is looking to move back to […]
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McConnell speaks on inflation, war in Ukraine at Florence Rotary
Senate Minority Leader Mitch McConnell (R-Ky.) said the American Rescue Plan Act’s $2 trillion price tag is the “gargantuan mistake” responsible for today’s inflation. The economy dominated McConnell’s guest appearance at Florence Rotary Club on Monday. He said the $1.9 trillion investment of the American Rescue Plan Act is “entirely” responsible for the high prices […]