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Health care and social assistance were the top sector for job gains — a common theme in recent years — adding 81,300 jobs. The U.S. labor market surprised economists with its strength once again, adding more than 300,000 jobs in March, with a few key sectors continuing to fuel its growth. Within health care, ambulatory services and hospitals combined to add 55,000 jobs, according to the Bureau of Labor Statistics. The Bureau of Labor Statistics noted that the labor force participation has changed little in the past year despite consistent upside surprises for job gains. It's been the key to rebalancing the labor market.
Persons: It's, we've, Stephanie Kelton Organizations: Bureau of Labor Statistics ., BLS, Labor Statistics, Brook University Locations: U.S
The U.S. national debt is sitting at nearly $33 trillion dollars. "The public debt has always been used for emergencies. The national debt increased by more than 89% since the beginning of the pandemic, with many top economists in agreement that 2020 was not the time to worry about the debt. Servicing the debt can become difficult when interest rates are higher. The Federal Reserve has been increasing interest rates since March 2022 with the goal of slowing down economic activity.
Persons: Kris Mitchener, William Gale, Michael Peterson, Peter G, Lori Esposito, Murray, Stephanie Kelton Organizations: U.S, Leavey School of Business, Santa Clara University, Brookings Institution, Peterson Foundation, Economic Develop, Conference Board, Economic Development, The Conference Board, Federal Reserve, Stony Brook University Locations: U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBiden billionaire tax policy is not desirable for U.S. economy, says Alex BrillStephanie Kelton, Stony Brook University professor of economics & policy, and Alex Brill, a senior fellow at the American Enterprise Institute for Public Policy Research, join 'Squawk Box' to discuss how it's possible to create a wealth tax, how to avoid double taxation and more.
Two experts discuss what happens to inflation in 2023
  + stars: | 2022-12-30 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTwo experts discuss what happens to inflation in 2023Andrew Olmem, former deputy assistant to the president for economic policy, and Stephanie Kelton, economics professor at SUNY Stony Brook, join CNBC's 'Squawk Box' to break down their economic outlooks for 2023.
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