U.S. job gains totaled 272,000 in May, more than expected

Rapidcreek@lemmy.world · 4 months ago

U.S. job gains totaled 272,000 in May, more than expected

anticolonialist@lemmy.cafe · 4 months ago

Job growth doesn’t mean shit if it’s not accompanied by wage growth. They keep talking job numbers as if that alone pays the bills.

Rapidcreek@lemmy.world · 4 months ago

From the article

Regarding wages, average hourly earnings were higher than expected as well, rising 0.4% on the month and 4.1% from a year ago. The respective estimates were for increases of 0.3% and 3.9%.

anticolonialist@lemmy.cafe · 4 months ago

Still doesn’t mean shit if people can’t live on those wages.

Rapidcreek@lemmy.world · 4 months ago

Well, it’s better than inflation. But, I realize that whine is for another reason.

anticolonialist@lemmy.cafe · 4 months ago

Not when inflation has exceeded wage growth

U.S. job gains totaled 272,000 in May, more than expected

U.S. job gains totaled 272,000 in May, more than expected

U.S. adds a much-better-than-expected 272,000 jobs in May, but unemployment rate edges up to 4%