Clouds of recession started clearing in America, more people got jobs than expected in September

Private Jobs in America: Recently, the impact of recession was seen in America, due to which thousands of people had to lose their jobs. However, the job situation in America is improving once again. Hiring in the US private sector accelerated in September, according to data released on Wednesday by payroll firm ADP. Companies have provided jobs to more people than expected. This is good news for Indians, because they were facing difficulty in getting work visas.
In fact, the labor market of the country with the world's largest economy is going through a lot of scrutiny these days. The reason for this is that presidential elections are going to be held in the country on November 5. The government does not want the effect of recession to be seen in the country during the elections. Consumption is increasing in the country, but high interest rates can harm the economy. Borrowing costs have been kept high as the Federal Reserve tries to curb demand. Meanwhile, preparations are also going on to deal with inflation.