Groundwork’s Mike Mitchell Previews November Jobs Numbers

December 1, 2022 Groundwork Collaborative

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

“Chair Powell’s aggressive rate hikes have done little to bring down rising prices, but they are threatening to undo one of the strongest jobs recoveries in recent history. Further rate hikes will only crush low-income and marginalized workers scraping to get by.”

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

And join Groundwork’s #BeyondtheNumbers Tweetchat tomorrow at 11 a.m. ET, featuring an all-star lineup of experts, including Chirag Mehta of Community Change, Kathryn Zickuhr of the Washington Center for Equitable Growth, and Justin Nalley of the Joint Center for Political and Economic Studies.