The U.S. jobs market is scorching hot. Here's where the flames are highest

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.

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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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The Hot Jobs Market Could Mean Big Gains for March Payrolls and WagesThe economy is expected to have added nearly a half million jobs in March, and wage gains also likely picked up at a hotter pace. Not in SF
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U.S. economy gains 431,000 jobs in March and wages surge again as labor market 'powers ahead'The U.S. created a steady 431,000 jobs in March and the unemployment rate slid to 3.6%. For context: Just before the pandemic, the jobless rate had sunk to a 50-year low of 3.5%. What am I missing here, our jobs numbers seem to be very good, but at the same time dems want to postpone/cancel student loan debt. If majority of the country is working, then why aren't they paying their bills?
Источник: MarketWatch - 🏆 3. / 97 Прочитайте больше »