Posted on 05/05/2023 7:02:02 AM PDT by ChicagoConservative27
The U.S. economy added 253,000 jobs in April, surpassing analyst forecasts of 180,000 new jobs, according to Labor Department data released Friday.
The unemployment rate remained historically low at 3.4 percent, down from 3.5 percent the previous month.
The jobs report reveals that the economy is slowing, but the labor market remains surprisingly robust.
The unemployment rate for Black Americans dipped slightly to 4.7 percent, a record low. That’s a huge recovery from the onset of the pandemic, when the Black unemployment rate spiked to 16.8 percent in May 2020.
Wage gains also came in slightly stronger than expected. Hourly earnings rose 0.5 percent in April and are up 4.4 percent over the last 12 months
(Excerpt) Read more at thehill.com ...
Yea...its all three card monte
“Wage gains also came in slightly stronger than expected. Hourly earnings rose 0.5 percent in April and are up 4.4 percent over the last 12 months”
But inflation was still 5% in March so real wage gains are still negative.
Yep, IIRC they just revised Feb and March.
Bull-crap.
Unfortunately they are all immigration officers for processing asylum claims.
And, the vast majority of those jobs are those lost when the lockdowns started and BeijingBiden doubled down on them.
No jobs were created. Just re-instated.
Today on Varney's show, the guest they had on said that the jobs numbers for the last two months had been revised downward. So, I expect this number to be revised as well.
This was a common practice during the Obama administration, so we shouldn't be surprised that Joe is continuing to use it.
The Ministry For Production announced the ninth over fulfillment of The Four Year Plan!
Spontaneous demonstrations of joy have broken out all over Oceania in praise of Big brother’s leadership!
NOT buying those numbers.
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