Amid waves of layoffs continuing to hit some of the nation’s largest employers, the unemployment rate unexpectedly ticked up last month despite the labor market gaining significantly more jobs than expected—adding to mixed messages about the economy as the Federal Reserve decides whether it should once again ramp up its aggressive campaign to tame rising prices.
Notable job gains occurred in leisure and hospitality, which added 105,000 jobs and has continuously performed well over the past six months, the government said; retail trade and government employment also saw outsized gains. Despite the unexpected job gains, wages fell short of expectations, with average hourly earnings rising by 8 cents to $33.09, or just 0.2% month to month compared to projections of 0.3% growth.
Re-employment should be given incentives The government should also help
Everyone knows that interest rate increases start to take effect 6-12 months later. This is just the beginning, the American economy is going to fail
Seems like someone's lying... forbes quickly covering up comments that call you out.
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