A Help Wanted sign seeking workers is on a restaurant window in Port Washington, New York, on January 5.
A week that has been chock-full of economic data will be capped off Friday with the first US jobs report of 2023.That would be a considerable drop from the 504,000 jobs added in January 2022 and the 520,000 added in January 2021. It also would nearly match the 183,000 monthly average between 2010 and 2019, Bureau of Labor Statistics data shows.
And yet, while the Federal Reserve’s aggressive rate hikes have helped make a dent in inflation and resulted in slower economic activity without stark rises in unemployment, the full effects have yet to come,America’s unemployment rate dipped back down in December to 3.5%, once again matching a 50-year low. It’s expected to tick up to 3.6% come Friday.
Layoff announcements — led by large tech firms — are picking up steam: The 43,651 job cuts announced in December jumped to 102,943 in January, according to a new data released Thursday morning by Challenger, Gray & Christmas. Still, those spikes in cutbacks haven’t become widespread. New data released Thursday by the Labor Department showed weekly initial jobless claims fell for the fourth time in five weeks, landing at 183,000, which is the lowest weekly total since April.
Who in the USA believes this stuff .. ?
NARRATOR: It didn't.
Democrats America -
前後の流れからすると粉飾した数字っぽいですね。 大統領は余程在任中に世の中が荒んで、頼みの綱のハイテク産業まで冷え込んだ事を気に病んでる様子。 制作で挽回すればいいのに能力が届かないんでしょう😂😂😂
U guys are in a bubble. Ppl are getting part time jobs like myself because hours layoffs and furloughs are going on all over the USA
Some disappointingly good news for the stock market? 😄😩
CNN YOU SUCK. You showed EVERY donald trump speech for FOUR YEARS just to hear what BULLSHIT would come out of his mouth, but you can't show Bidens speeches telling Americans how America is rebounding and that his policies are WORKING? Added 500k jobs and didn't air the speech?
donwinslow Here’s why that’s bad for President Biden…
Its literally from jobs lost during the pandemic. Hospitality had the biggest gains... considering all hotels and restaurants were closed or half staffed... its not a big surprise.
I thought Biden was killing the economy 🙄
Are there any stats on if any of these new jobs are people picking up a 2nd job to pay for inflationary increases and maintain a standard of living?
Report what ever you want. Have fun buying a house, gas or maybe even Eggs lol. Oh china spy equipment above America and we do nothing, but I forgot Joe is sold out to the Chinese. Don’t forget about Ukrainian. Biden is doing great he’s making the left proud.
Acosta Holy shit, another 517,000 jobs!! Republicans could only dream of doing anything close to this! But they don’t care, they are only concerned with special interests & large corporations that directly pay them. Wake up people, get out of the MAGA cult!!
Yeah it didn’t but okay
And Republicans will again say their greatest Shoutout! 'Its fake, fake fake fake! Republicans wants to make americans miserable so they can play the 'blame-game'... as usual
Politics Can someone tell me where the recession is I'm still trying to find it...😄
We’ll duh…most illegal came here to work.
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