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Former New Orleans Mayor Morial suggests recession predictions were incorrect following latest U.S. jobs report


Marc Morial, former Mayor of New Orleans and National Urban League CEO, joins 'Power Lunch' to discuss the U.S. jobs report, the Federal Reserve, and the regional banking crisis. For access to live and exclusive video from CNBC subscribe to CNBC PRO: » Subscribe to CNBC TV: » Subscribe to CNBC: Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. Connect with CNBC News Online Get the latest news: Follow CNBC on LinkedIn: Follow CNBC News on Facebook: Follow CNBC News on Twitter: Follow CNBC News on Instagram: #CNBC #CNBCTV ...(read more)


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Recession Calls 'Appear to be Wrong' after U.S. Jobs Report, says Former New Orleans Mayor Morial The United States has recently experienced a surge in job growth, calling into question the validity of recession concerns that have been looming over the nation's economy. Marc Morial, the former mayor of New Orleans and President of the National Urban League, argues that the latest jobs report indicates a strong and resilient economy, suggesting that recession calls may have been premature. The U.S. jobs report released last week revealed that employers added a remarkable 266,000 jobs in November, far surpassing economists' expectations. This robust figure, along with a downward revision to the previous two months' reports, showcases a healthy and vibrant labor market. Morial suggests that this impressive display of job growth debunks the notion of an impending recession. He argues that a recession is typically characterized by a loss of jobs and decreasing consumer spending, yet the recent report shows a significant uptick in employment and consumer confidence. Furthermore, Morial believes that the current administration's economic policies have played a crucial role in fostering this positive job growth. He credits tax cuts and deregulation as key drivers of the expanding labor market. This perspective aligns with the stance of many conservatives who argue that pro-growth policies stimulate business investment, leading to job creation and economic expansion. However, skeptics caution against taking the jobs report as a foolproof indication of economic stability. They argue that one month's strong figures cannot guarantee long-term growth, especially with ongoing international trade disputes and geopolitical uncertainties. The slowing manufacturing sector and stagnant wage growth are also concerning factors that could hinder future economic performance. Despite the differing viewpoints, it is undeniable that the latest jobs report has provided a momentary reprieve from the concerns of a looming recession. It has injected a sense of optimism and confidence into the American business landscape. Morial suggests that the government should capitalize on the positive trend by pursuing policies that further stimulate job creation. He urges lawmakers to invest in infrastructure projects, improve access to affordable healthcare, and prioritize education to build a skilled workforce. By addressing these areas, he believes the country can ensure sustainable economic growth and reduce the risk of recession in the future. In conclusion, the recent U.S. jobs report has challenged recession calls, providing evidence of a robust labor market and economic resilience. Former New Orleans Mayor Marc Morial argues that the numbers suggest a strong and vibrant economy, fueled by pro-growth policies. However, skeptics warn against premature celebration, emphasizing the importance of resolving other economic challenges. Nonetheless, this positive employment report offers a glimmer of hope and highlights the potential for continued economic expansion in the coming months. https://inflationprotection.org/former-new-orleans-mayor-morial-suggests-recession-predictions-were-incorrect-following-latest-u-s-jobs-report/?feed_id=116936&_unique_id=64afed910881d #Inflation #Retirement #GoldIRA #Wealth #Investing #breakingnews #business #cable #cablenews #CNBC #financenews #financestock #financialnews #money #moneytips #news #newschannel #newsstation #stockmarket #stockmarketnews #Stocks #usnews #worldnews #RecessionNews #breakingnews #business #cable #cablenews #CNBC #financenews #financestock #financialnews #money #moneytips #news #newschannel #newsstation #stockmarket #stockmarketnews #Stocks #usnews #worldnews
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