Economy

Runway getting clearer, U.S. economy still not assured of soft landing

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A UPS seasonal worker delivers packages on Cyber Monday in New York on Nov. 27, 2023.

Stephanie Keith | Bloomberg | Getty Images

November’s solid jobs report did not assure that the economy will come in for a soft landing, but it did help to clear the runway a little more.

After all, there’s nothing about a 3.7% unemployment rate and another 199,000 jobs that even whispers “recession,” let alone screams it.

At least for now, then, the U.S. economy can take another win with a small “W” as it looks to navigate through what had been the highest inflation level in more than 40 years — and a still-uncertain path ahead.

“Overall, the jobs market is doing its part to get us to a soft landing,”…



Source cnbc.com

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