- An extremely strong job market is a positive sign for the economy:
- The unemployment rate dropped to 3.4%, the lowest since 1969!
- 517K new jobs were created in January
- The Federal Reserve increased rates by ¼ of a point on February 1st, the smallest increase by the Fed in the past year indicating inflation may be easing but there is still work to do.
- The Paycheck Protection Program was set up quickly in 2020 in response to pandemic lockdowns. Almost three years later, we look at some of the pros and cons of the program.
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