Boots & Sabers

The blogging will continue until morale improves...

Owen

Everything but tech support.
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0813, 05 Aug 22

Strong Hiring

Obama had the “jobless recovery.” Will Biden have the “job-full recession?” Anyway, good news.

Nonfarm payrolls rose 528,000 for the month and the unemployment rate was 3.5%, easily topping the Dow Jones estimates of 258,000 and 3.6%, respectively.

Wage growth also surged higher, as average hourly earnings jumped 0.5% for the month and 5.2% from the same time a year ago. Those numbers add fuel to an inflation picture that already has consumer prices rising at their fastest rate since the early 1980s. The Dow Jones estimate was for a 0.3% monthly gain and 4.9% annual increase.

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0813, 05 August 2022

1 Comment

  1. MjM

    Full time jobs -71000
    Par time jobs +394000
    Working multiple jobs +91000

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