April 2023 Employment Numbers -- another good month for labor
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wrote on 5 May 2023, 13:29 last edited by Axtremus 5 May 2023, 13:29
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.
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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.
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wrote on 5 May 2023, 13:39 last edited by
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).
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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).
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wrote on 5 May 2023, 15:05 last edited by
COVID.
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wrote on 5 May 2023, 15:55 last edited by
@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.
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wrote on 5 May 2023, 22:04 last edited by
What was it at the end of December 19.
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wrote on 5 May 2023, 22:19 last edited by
Close enough.
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wrote on 6 May 2023, 00:58 last edited by
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wrote on 6 May 2023, 03:49 last edited by
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.
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wrote on 6 May 2023, 11:15 last edited by
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wrote on 6 May 2023, 11:20 last edited by
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.
