Monthly jobs report is out and job growth was 339,000. Much higher than expected And the previous two months were increased by 93,000. So that’s good. Unemployment did tick up from 3.4% to 3.7% but that happens sometimes even with good job growth. The jobs market continues to roar along which is surprising a lot of economists. A very different kind of economy. Wage growth is at 4.3% Still not matching inflation but getting much closer. So that’s good. The link below will give the specific information:
it’s not “good news” it’s spin and will probably be quietly revised in the coming days, weeks. deficit spending continues and debt is literally astronomical and rising fast. notice your “bit of good news” does not say anything about inflation (the op’er was surgically careful to avoid that in the “roaring” message). never any mention of trade deficits, or CPI.
Republicans are almost equally worse than worthless. surprise!
the status quo you soak in continues while you think a “bit of good news” is solid progress
It’s funny, because I did specifically mention inflation in the OP. And I love the fallback of “Well it’ll get revised later on when no one is paying attention.” I read these reports every month. And there are monthly revisions. For example, today’s report had revisions to the previous two months that added 93,000 jobs. Huh.
