Beltway Briefing Podcast
Muddled Picture Of The Economy
May 8, 2023
High prices, rising interest rates, stubborn inflation, and banking uncertainty be damned: the U.S. labor market is still chugging along. Employers added 253,000 jobs in April, a higher-than-expected number that suggested the labor market remains strong despite the Fed’s continued campaign to fight inflation. Public Strategies’ Howard Schweitzer, Rodney Davis, Patrick Martin, and Kaitlyn Martin break down the latest jobs report and its impact on the overall economy. And, ahead of a looming June 1 deadline to raise the debt ceiling and avoid the first default in U.S. history, they also discuss what the White House and lawmakers are doing to revive the stalled debt-limit negotiations.
