Labor Secretary doesn't rule out possibility of economic 'hurricane' - News Summed Up

Labor Secretary doesn't rule out possibility of economic 'hurricane'


(CNN) Labor Secretary Marty Walsh on Friday told CNN there is "no question" an economic "hurricane" is possible. "What I heard Jamie Dimon just say was that we were potentially going to get hit with a hurricane. I think there's no question about that," Walsh told CNN's Poppy Harlow on "Newsroom" when asked if Dimon's comments on Thursday were correct. US employers added 390,000 jobs in May, representing a robust but slower pace of hiring, according to the Bureau of Labor Statistics' monthly jobs report released Friday. President Joe Biden on Friday said the latest jobs report indicates the nation is settling into a period of "stable, steady growth" and more moderation should come.


Source: CNN June 03, 2022 19:30 UTC



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