US continues to generate jobs, yet inflation is eroding the spending power of millions of Americans
WASHINGTON — U.S. employers created a surprising 165,000 new jobs last month, and the unemployment rate dipped to 4.1%. Hiring was far stronger than the 65,000 new jobs that economists had expected. The jobs report comes three days after voters delivered a stunning defeat to President Donald Trump and his Republican Party in midterm elections. Frustrated with the state of the economy — and especially the high cost of living – Americans handed full control of Congress to the Democrats. But the latest jobs report looked solid. Labor Department revisions added a combined 84,000 ...