Ahead of tomorrow’s August Jobs Report, Groundwork’s Director of Policy and Research Mike Mitchell released the following statement:
“Our economy has experienced one of the fastest labor market recoveries ever – but all these historic gains could disappear if the Fed decides to ‘save’ the economy by throwing millions out of work. Bringing ‘pain to households and businesses’ doesn’t help build a healthy economy.
“Good-paying, quality jobs are at the base of an economy at its best – aggressive interest rate hikes erode that foundation.”
To speak to Mike Mitchell about what to expect in the August Jobs Report and the dangers of a Fed-manufactured recession, email press@groundworkcollaborative.org.