Posted on Jun 2, 2023
The U.S. added 339,000 jobs in May. It's a stunningly strong number
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Posted >1 y ago
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PO1 William "Chip" Nagel ... and the Right continues to say POTUS Biden is too old... not bad for an 'ole man'.
..."Unemployment, which been at a half century low, inched up in May to 3.7%. Meanwhile, the jobless rate among African Americans rose to 5.6%, after falling to a record low in April.
The stronger-than-expected job gains in May extend the labor market's red-hot streak and that's bound to reinforce concerns about inflation.
While a tight job market is good for workers, it can put upward pressure on prices, making it harder for the Federal Reserve to restore price stability. Average wages in May were 4.3% higher than a year ago.
The jobs report is one of several factors the Fed will need to consider as it decides whether to continue raising interest rates when policymakers meet later this month."
..."Unemployment, which been at a half century low, inched up in May to 3.7%. Meanwhile, the jobless rate among African Americans rose to 5.6%, after falling to a record low in April.
The stronger-than-expected job gains in May extend the labor market's red-hot streak and that's bound to reinforce concerns about inflation.
While a tight job market is good for workers, it can put upward pressure on prices, making it harder for the Federal Reserve to restore price stability. Average wages in May were 4.3% higher than a year ago.
The jobs report is one of several factors the Fed will need to consider as it decides whether to continue raising interest rates when policymakers meet later this month."
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PO1 William "Chip" Nagel
SGT (Join to see) I'll Take a Nice Old Guy over a Fascist Like Trump anyday!
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PO1 William "Chip" Nagel good day Brother William, always informational and of the most interesting. Thanks for sharing, have a blessed day!
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