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 ...
And gas is down to $4.09 for regular near us. And new lawn care specialists are everywhere. Thanks joementia.
ZeroHedge has a cool graph and article about this. Number of times non farm payrolls have beaten expectations vs historical norm
I guess all the kids getting out of school for the summer doesn’t have anything to do with this...
“The Hill!” Really? I think it IS just the propaganda arm of the DNC.
Saw good bye to the fed rate cut!
The jobs are addition by subtraction. Lose one 80K job, gain 3 30K part time jobs.
Average work week now 34.4 hours verses 34.5 last report.
Report 253,000 now, but revise later. People won’t notice the later revision to a lower number.
Last Updated: April 7th, 2023
ShadowStats Alternate Unemployment increased to 24.6% on top of U.6 rising to 6.8% from 6.6%.
The seasonally-adjusted SGS Alternate Unemployment Rate reflects current unemployment reporting methodology adjusted for SGS-estimated long-term discouraged workers, who were defined out of official existence in 1994.
McJobs
Yeah. They totally faked the monthly BLS report.
That's why no one else is reporting on this.
Even if true..it doesn’t change the fact that people have to get a second or third job to stay afloat. Due entirely to biden’s puppet masters and tetard Biden.
Probably a bunch of government jobs for people who do little to nothing except collect a paycheck.
“It will be revised in a month..”
Exactly, and you know what direction it will be revised.
Next month the numbers will be adjusted down just like always!!!
The place I worked goes through people left and right. They last anywhere from a few weeks to a few months, then get fired or quit. So the one hired to take their place, I assume, is a job “created”
Yep they pick numbers blindfolded out of telephone books like the do with all their numbers.
We will not see a rate cut until unemployment goes back up over 3.8% or more.
Anyone who can walk and chew gum can get a job paying $17/hour or more.
“The Hill!”
Methinks you get it too.
Always Always check the source.
My standard when reading ‘news’ stories.
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