Posted on 12/02/2022 9:54:22 AM PST by ChicagoConservative27
The U.S. economy gained 263,000 jobs in November and the unemployment rate held even at 3.7 percent, according to data released Friday by the Labor Department.
Job growth in November beat the expectations of economists, who projected the U.S. to gain roughly 200,000 jobs last month, according to consensus projections. The unemployment rate remained just 0.2 percentage points above its pre-pandemic level as the job market continued to push through high inflation and rising interest rates to grow at a sturdy clip.
The U.S. had added an average 392,000 jobs per month since the start of the year despite high inflation, lagging labor force participation and Federal Reserve rate hikes meant to cool off historically strong job gains.
“This is a labor market that still doesn’t look like one about to tip into recession. The theme for much of 2022 has been that the labor market has been substantially more resilient than expected,” said Daniel Zhao, lead economist at Glassdoor, in a Friday analysis.
(Excerpt) Read more at thehill.com ...
full time....part time....what kind of jobs...industry...seasonal...like duh...christmas...
“Ball Washing”...cough...”Ball Washing”....
They must be pulling numbers out of their sphincters because in my area we’re losing jobs left and right. Every day news of layoffs and once a week news of a complete closure.
FJB!!
And how many employable unemployed are there living off of the government’s largess and parents?
Sure.
IT professionals with Masers degrees dropping off packages for UPS, FedEx, and Amazon.
The CNN and Twitter fired workers can all find jobs in the solar and wind energy industries. They already excel at blowing ill wind, so they will make perfect fits.
I predict 2023 will be an absolute cluster f, economically speaking.
Are you suggesting that inflation might not be transient after all? Of course, I fully agree with you, sadly.
“I predict 2023 will be an absolute cluster f, economically speaking.”
I tend to agree with this.
I just don’t see it happening until the 3rd or 4th quarter.
A year ago, my prediction on recessionary pressure would’ve started in early 2023.
I’m still thinking April, but I am nobody.
“I’m still thinking April, but I am nobody.”
I disagree, you’re a great member of Free Republic😄
Predicting the future is almost impossible, but its still fun to analyze data & listen to what’s going on around our nation.
A lot of people just like to hear from ‘experts’ and disregard the anecdotal. My philosophy is: “Pay attention to both.”
We should certainly ask Janet Yellen for her thoughts...
Thank you for the kind words, and time will tell.
I look forward to future interactions. :)
… ~ April the world will be falling apart
Look at the ADP jobs report for Nov. 2022. Completely different than these “Govt statistics”.
Someone is lying.
Also, Gov’t jobs don’t count as they are worthless makeshift jobs.
That would be the earliest IMO.
However, I’ve been wrong many times over the last 51 years on this planet.
Time will tell.
“Look at the ADP jobs report for Nov. 2022. Completely different than these “Govt statistics”.
Someone is lying.
Also, Gov’t jobs don’t count as they are worthless makeshift jobs.”
*******
You’re actually on to something here.
As boomers retire, the question is can these over capitalized public and private sector corporations maintain the status quo.
The answer is: “No”
They can’t because they don’t have the numbers in the younger generations to maintain current operations.
Any young male that wants to work & prosper over the next two decades will make a killing, just from a demographics.
The whole globe is heavy on the elderly side.
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