April 2023 Employment Numbers -- another good month for labor

[Axtremus]

https://www.bls.gov/news.release/empsit.nr0.htm

https://www.cnbc.com/2023/05/05/jobs-report-april-2023-job-growth-totals-25300-in-april.html
...

• Nonfarm payrolls increased 253,000 for April, beating Wall Street estimates for growth of 180,000.
• The unemployment rate was 3.4% against an estimate for 3.6% and tied for the lowest level since 1969.
• Average hourly earnings rose 0.5% for the month and increased 4.4% from a year ago, both higher than expected.

...

Then there is nugget about the banking sector:
Despite serious banking industry troubles, jobs in finance increased by 23,000.

Of course we are only four weeks away from a potential technical default by the US government due to the "debt ceiling" but hey, for now, things are good.

[89th]

Unemployment at 3.4%, finally the Biden administration is getting it back to where Trump left it (Trump got it down to 3.5%, always decreasing during his term).

[jon-nyc]

@89th Uh, no. It was 6.3% when he left office.

[Jolly]

COVID.

[89th]

@jon-nyc said in April 2023 Employment Numbers -- another good month for labor:

@89th Uh, no. It was 6.3% when he left office.

Fake news. Many people have told me.

JK, thanks... yes I looked for the low-point not end-date.

[Mik]

What was it at the end of December 19.

[George K]

@Mik

[Mik]

Close enough.

[Axtremus]

[taiwan_girl]

LOL. This thread has demonstrated:

If something good happens while your side is in charge = ONLY because of my guy

If something bad happens while your side is in charge = ONLY because of things outside my guys control

and vice versa

And as usual, the truth is somewhere in the middle.

[George K]

Zero Hedge (yeah, I know) says that this is all illusory. I don't pretend to know enough about all this to judge.

[Jolly]

Figures lie and liars figure.

Mine is just a small microcosm of a much bigger economy, but I don't see any dancing in the streets down here. Some jobs that require certain levels of education or training are actively hunting people. Some jobs that don't pay squat ($10-$12/hr) are actively hunting people.

Other than that, I don't think it's too great out there right now (jobs+inflation), and I think as housing slows down it will get worse.