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Today Is Going To Be A Good Day
Saturday
December 3, 2022
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Aruba’s ONLY English newspaper
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Ceremony to turn on the lights
and reopen Caya G.F. Betico
Croes for car traffic
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Calif., left, speaks to reporters at the White House in Washington, Nov. 29, 2022, about their meet- Marine Management
Senate Majority Leader Chuck Schumer of N.Y., right, listens as House Speaker Nancy Pelosi of
ing with President Joe Biden. Associated Press Workshop in Aruba
Biden sees economy avoiding

recession, but risks remain

By JOSH BOAK and AAMER MADHANI mists still fear that a recession is nigh and
Associated Press the price of reducing high prices will be
WASHINGTON (AP) — President Joe Biden layoffs. Biden pointed to the addition of
assured Americans on Friday that the U.S. 263,000 jobs in November — with the un-
economy is chugging along in the holiday employment rate holding steady at 3.7%
season, but the very strength of a new jobs — as proof that his policies have bulked up
report showed that high inflation remains the economy. He suggested that the ma-
a recession threat. At the White House, jor recession risk was the freight rail strike,
the president signed an emergency bill to a problem the country avoided by having
avert a rail strike that he said could have Congress impose an agreement that raises
caused 765,000 job losses in two weeks pay but fails to provide the additional paid
and plunged the country into a painful sick leave that workers demanded. Page 11
downturn. But many voters and econo- Continued on Page 2