Groundwork’s Michael Mitchell Previews Final Jobs Report of 2022

January 5, 2023 Groundwork Collaborative

Ahead of tomorrow’s December Jobs Report, Groundwork’s Director of Policy and Research Michael Mitchell released the following statement cautioning that additional rate hikes will bring more pain to workers and push our economy into a Fed-manufactured recession: 

“As workers and families are struggling with higher prices, Chair Powell is hell-bent on bringing down wages and pushing more people out of work with his aggressive interest rate hikes. Tomorrow’s jobs report will give us another glimpse into how much damage the Fed has already done.

“If the Fed continues with its dangerous interest rate hikes, we should brace ourselves for more hardship for working people and an unnecessarily painful recession.”

Email press@groundworkcollaborative.org to speak with Michael Mitchell about the state of the U.S. labor market and the damaging effects of the Fed’s interest rate hikes.