U.S. economy added 253,000 jobs in April, powering
economy through turmoil
https://www.washingtonpost.com/business/2023/05/05/april-jobs-report-unemployment/
https://www.washingtonpost.com/business/2023/05/05/april-jobs-report-unemployment/
Wages Grow Steadily, Defying Fed’s Hopes as it
Fights Inflation
https://www.nytimes.com/2023/05/05/business/economy/wages-fed-inflation.html
https://www.nytimes.com/2023/05/05/business/economy/wages-fed-inflation.html
Total nonfarm payroll employment rose by 253,000 in
April, and the unemployment rate changed little at 3.4 percent, the U.S. Bureau of
Labor Statistics reported today.
https://www.bls.gov/news.release/empsit.nr0.htm
The most interesting piece of info in the report:
The change in total nonfarm payroll employment for February was revised down by 78,000, from +326,000 to +248,000, and the change for March was revised down by 71,000, from +236,000 to +165,000. With these revisions, employment in February and March combined is 149,000 lower than previously reported.
The change in total nonfarm payroll employment for February was revised down by 78,000, from +326,000 to +248,000, and the change for March was revised down by 71,000, from +236,000 to +165,000. With these revisions, employment in February and March combined is 149,000 lower than previously reported.
Big Picture:
Most of the country’s missing workers are back,
propelling the economy
https://www.washingtonpost.com/business/2023/05/05/missing-workers-pandemic-jobs/
https://www.washingtonpost.com/business/2023/05/05/missing-workers-pandemic-jobs/