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Jobs report shows signs of a cooling economy — as well as its resiliency
The Hill ^ | 01/06/2023 | Sylvan Lane

Posted on 01/06/2023 6:30:51 AM PST by ChicagoConservative27

The U.S. capped off 2022 with another month of strong job growth and wage gains, according to federal data released Friday, a sign that the U.S. economy and inflation could be harder to tame than expected.

The economy added 223,000 jobs in December and brought the unemployment rate down to 3.5 percent, back down to its pre-pandemic level in February 2020, the Labor Department reported Friday. Wage growth also stayed brisk as earnings rose 0.3 percent in November and 4.6 percent over the past 12 months.

(Excerpt) Read more at thehill.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events; Politics/Elections
KEYWORDS: bideneffect; coolling; economy; jobs; resiliency
BLAH BLAH BLAH BS
1 posted on 01/06/2023 6:30:51 AM PST by ChicagoConservative27
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To: ChicagoConservative27

3.5 %

Who makes this crap up? What’s the participation rate? Why are there homeless camps all over the cities?


2 posted on 01/06/2023 6:38:46 AM PST by Magnum44 (...against all enemies, foreign and domestic... )
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To: ChicagoConservative27

Holiday workers. They will all be gone by March, if not sooner.


3 posted on 01/06/2023 6:39:20 AM PST by EQAndyBuzz (At this point I would rather have the illegals here than the liberals.)
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To: ChicagoConservative27

“ as well as its resiliency“

The Hill is a dead rat laying in a land fill. Can we please stop posting from them like they are a legitimate news organization?


4 posted on 01/06/2023 6:51:43 AM PST by iamgalt
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To: ChicagoConservative27
They just added 1.7T of spending on the inflationary fire. Why would inflation be harder to quell?

Swamp Creature: "DUH, I DON'T KNOW, DOSE PROGRAMS ALREADY EGZIST!"

5 posted on 01/06/2023 6:59:33 AM PST by frogjerk (More people have died trusting the government than not trusting the government.)
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To: ChicagoConservative27

The trillions of dollars injected into the economy are ever so slowly evaporating.


6 posted on 01/06/2023 7:02:53 AM PST by glorgau
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To: Magnum44

The participation rate ticked up 2 tenths to 62.3. It was a good report.


7 posted on 01/06/2023 7:06:17 AM PST by semimojo
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To: ChicagoConservative27
One of the things about our economy and our world is that we are still in a state of rapid technological discovery. This does not make us completely recession/depression-proof, but it gives us an edge.

Pssst...don't tell the Democrats.

8 posted on 01/06/2023 7:07:53 AM PST by RoosterRedux
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To: ChicagoConservative27

Gaslighting, thy name is The Hill.

(for one)


9 posted on 01/06/2023 7:20:38 AM PST by cld51860 (We’re doomed.)
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To: cld51860
Gaslighting, thy name is The Hill

Did they make up these numbers?

Which news outlet's employment numbers are better?

10 posted on 01/06/2023 7:24:53 AM PST by semimojo
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To: semimojo

So you are happy that 62% of Eligible workforce are actually working?

With so many unfilled job openings, what’s the excuse of the other 38%? It’s a rhetorical question. Too many government handouts paid for by those of us still working.


11 posted on 01/06/2023 8:06:37 AM PST by Magnum44 (...against all enemies, foreign and domestic... )
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To: Magnum44
Too many government handouts paid for by those of us still working.

Not too many handouts left.

Also a lot of retiring baby boomers.

12 posted on 01/06/2023 9:22:14 AM PST by semimojo
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