Top Republican Eyes Three major jobs report indicators of the strength of the U.S. economy
Mark Zandi, chief economist at Moody’s Analytics, said the current inflationary pressures are due to the resumption of the economy, causing a “surge in demand” and “it takes some time for the supply side of the economy to’get ready’. I insist.
NS July Work reports will give legislators a reading about strength U.S. economy As the number of cases of COVID-19 increases and trillions of spending plans pass parliament.
Texas Rep, Top Republican of the House Ways and Means Committee. Kevin Brady told Fox Business that he is considering three key indicators in the report as indicators of how well the US economy is recovering under the policies of the current administration.
One of those indicators is wages, and Brady pointed out that he is growing at a slower pace than inflation throughout the year. As a result, the purchasing power of Americans has declined.
Wages in June rose 0.3% month-on-month and 3.6%…
