Ahead of tomorrow’s September Jobs Report, Groundwork’s Director of Policy and Research Mike Mitchell released the following statement warning of the dangers of a Fed-manufactured recession:
“The last thing families need right now on top of high inflation is a recession. Tomorrow’s jobs report could show the early impacts of the Federal Reserve’s aggressive rate-hiking approach. Continuing down this path risks leaving millions of people, disproportionately lower-wage workers and workers of color, without a job or with smaller paychecks.
“We urge Chair Powell to think twice before plunging our economy into a wholly avoidable recession and completely undoing one of the strongest job recoveries on record.”
Email firstname.lastname@example.org to speak with Mike Mitchell about the state of the job market and the creeping effects of the Fed’s interest rate hikes.
And join Groundwork’s Beyond the Numbers Tweetchat tomorrow at 1 p.m. ET, featuring an impressive lineup of experts, including Kathryn Zickuhr from the Washington Center for Equitable Growth, Matt Darling from the Niskanen Center, and Lorena Roque from the Center for Law and Social Policy.