Groundwork’s Dr. Rakeen Mabud Previews First Jobs Report of 2023

February 2, 2023 Groundwork Collaborative

Ahead of tomorrow’s jobs report from the Bureau of Labor Statistics (BLS), Groundwork’s Chief Economist Dr. Rakeen Mabud released the following statement: 

“It is abundantly clear that we don’t need to choose between a strong labor market and lower inflation. 

“Yesterday’s rate hikes place millions of workers one step closer to joblessness. There’s no such thing as a ‘mild recession’ for the people who will lose their wages and jobs at the altar of inflation. If we enter a recession, Chair Powell and the Fed only have themselves to blame.”

Email to speak with Dr. Mabud about tomorrow’s jobs report.