The job market slowed last month, but it's still too hot to ease inflation fears

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Employers added 311,000 jobs in February, according to a report from the Labor Department. The report shows January's job gains were only slightly weaker than initially reported, with 504,000 jobs added that month.

A"Help Wanted" sign is posted at a restaurant in Los Angeles on Feb. 2, 2023. U.S. employers added 311,000 jobs last month, a number that indicates the labor market remains fairly hot.A"Help Wanted" sign is posted at a restaurant in Los Angeles on Feb. 2, 2023. U.S. employers added 311,000 jobs last month, a number that indicates the labor market remains fairly hot.Hiring cooled last month from its sizzling pace in January, but the U.S.

"Leisure and hospitality is leading that charge," said Nela Richardson, chief economist for the payroll processing company ADP. "The process of getting inflation back down to 2% has a long way to go and is likely to be bumpy," Powell told the Senate Banking Committee Tuesday."If the totality of the data were to indicate that faster tightening is warranted, we would be prepared to increase the pace of rate hikes."

 

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We lost 2.5 million jobs in January. We were predicted to lose 3 million, so you liars say we 'created 500k jobs'...Hell is hot.

Let's go Brandon

How many of those jobs were part time , on call.

No one of social media actually reads the jobs reports or understands the difference in surveys used. If they did, they'll realize the jobs report is typical. Upon further examination the only sectors that grew was retail and government. Congrats democrats.

Until revised numbers come out after headline, 180 degrees in other direction. , how long will sheeple fall for this bs? It’s been played out at this point.

UNDEREMPLOYED Numbers? April 1, 2020 - 4/1/21 inflated unemployment claims amid Covid Thus 2021-22 was weaker amid no income accumulation 2022-23 should reveal low unemployment as clearly they earned no income to file in April 2022 Q2/Q3 2023 more of a future Indicator 4/24

Fantastic news! Plus now a record 160.3M Americans are employed. Also labor participation rose to 62.5%.

Great. Now I want a Korean BBQ Spicy Pork Sandwich. Thanks a lot, . I guess this means more trouble for Joe Biden.

Jobs numbers for January were revised down, inflation numbers were revised up.

Bc everybody can't afford the record high gas/groceries/ etc. People need more than 1 job to live

So more punishment coming from the Fed, because price gouging can only stop when 2 million humans lose their jobs..?

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