Surging inflation, high gas prices and the war in Ukraine has made Americans more pessimistic, but the hottest labor market in decades shows the U.S. economy is still booming.
The U.S. added 431,000 new jobs in March and the unemployment rate fell to 3.6%, reflecting widespread hiring and an increasing number of people willing to rejoin the labor force. Wages began to rise well before a surge in inflation because there’s so much competition for workers. The number of people who could only find part-time work fell slightly to 1.06 million, keeping it at a 21-year low.
Anybody and fudge the numbers to make the data look good.
But inflation is over 7% so….
Biden is amazing. Doing amazing work for this country.
Love you RETOKEN 🔥🚀💪Ramazan
Love you RETOKEN 🔥🚀💪🦅
Wages rose before inflation? What do you call rising wages without rising productivity? Back in the day, when words meant something, we called it 'wage and price' inflation. The point today is that price inflation is far outstripping wage inflation, leaving workers with pay cuts.
vici cryptor Thank you for the article!
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