"We went, what, 29 months in expansion mode, but we came down pretty quickly, primarily driven, I think, by the interest rate environment," said Tim Fiore, who oversees the survey for the Institute for Supply Management.
"I think this is still a soft contraction," Fiore said."I'm really hopeful that some amount of demand will come back. There's still pretty robust production plans for 2023." High-profile tech companies like Twitter have also announced job cuts, but so far there's been little sign of widespread layoffs. New claims for unemployment benefits remain at historically low levels.
"I think what the Fed has learned is that they can't count on a rebound in labor supply," House said.
StigmaEpidemic
Fake misleading news. None of it shows accurate numbers, it doesn't show the difference between Americans getting jobs & foreign aliens getting jobs in America. it blends both together which manipulates the ignorant into thinking we're doing great, when more become homeless.
This is called fake news. Trying to fix a problem that you created, then congratulating yourself for minimal progress
100,000 manufacturing jobs lost. The gain was in leisure/hospitality (seasonal). If it wasn’t for fast food workers, payrolls would be negative. 2023 will be the start of a epic inflation.
The next time that ZERO Republican Congressmen will vote for your HUGE spending bill because they warn it will set off inflation , maybe you should listen? This inflation was accurately predicted last year as Democrats voted for it. Self inflicted DemocratsAreDestroyingAmerica
Love this - photo for jobs report article appears to capture in the act a guitar builder!🎸
And once again my org posts record profits
The negative framing of something amazing never ends with you.
“Jobs added” does not = “Jobs filled”
Once again poor framing
Meddlers gonna meddle.
I'm sure a lot of that is seasonal hiring. Let's talk again in January or February. When retail slows down to a crawl
Biden’s RECESSION
Biden’s RECESSION
Mira, u r twisting the essence of Powell's message. Cover-up? Despite rumors to the contrary, stagflation is alive and well.
Lotsa seasonal jobs right now…
Does NPR do anything besides act as a mouthpiece for wef , TheDemocrats, and the puppet POTUS regime? Why must we be forced to pay for this one sided crap. DefundNPR
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