Employers across the U.S. continued to hire at a steady pace last month, but the labor market showed signs of cooling in the face of the Federal Reserve's efforts to slow the economy.Friday, in line with forecasters' expectations of about 240,000 payroll gains. The unemployment rate ticked down to 3.5%, from 3.6% in February.
Wage growth slowed, with average hourly earnings rising 4.2% over the past 12 months, down from 4.6% in February. And more workers came off the sidelines, with the labor participation rate — a measure of workers who are employed or looking for work — edging up to 62.6%.
Headline misses important facts. Fed is trying to reduce the inflation to avoid collapse of the economy (instead of innuendo things would be better without fed intervention). What about Wages growth continue to be slower than inflation, making poor and middle class poorer.
So you mean that when you stopping handing out money people actually need to back to work Who would’ve though
But Amazon, Walmart, Facebook and the rest are laying off thousands of people. Keep lying
Unemployment is decreasing while big companies are making massive layoffs. Go figure! 😜
is state sponsored propaganda. Here’s more proof. The economy is a disaster & china is getting the world to drop the dollar as world currency but cbs tries to cover for Biden admin (we all know Obama controlling) yet again.
CBSNewYork Happy Good Friday 🙏🏻👏🏼
Wildly inaccurate
This is a false metric. What about this news?
NBC just tweeted same moments ago. The economy sucks so of course all the media outlets are pushing ‘good economy’ propaganda.
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