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Economy
'Great news for the economy': Biden gloats about U.S. adding 223,000 jobs in December - despite hiring cooling to lowest point in two years, wage growth slowing and signs of interest rates gripping labor market
2023-01-07
[Daily Mail, where America gets its news]
  • The unemployment rate dropped to 3.5 percent from 3.6 percent

  • Economists had predicted the U.S would add 200,000 jobs in December

  • The strength comes as the Fed tries to slow growth to battle inflation

  • Wage growth was lower than expected

  • The Fed raised its benchmark rate by 4.25 per cent last year
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Posted by:Skidmark

#6  That 223000 jobs positive

Christmas hiring surges then layoffs in January. Usually the numbers are given as seasonally adjusted, but they were ugly, so the Biden admin released raw figures w/o context. January 2023 employment numbers will be ugly either way.
Posted by: Waldemar the Limber5043   2023-01-07 17:40  

#5  Wow
That 223000 jobs positive even factoring in the zillion jobs the tech sector is shedding
Cooking the books again
Posted by: Sock Puppet of Doom    2023-01-07 14:41  

#4  The best part of the jobs report is the subsequent correction where they admit that they lied to you.
Posted by: Super Hose   2023-01-07 11:20  

#3  Baghdad Bob
Posted by: Warthog   2023-01-07 10:02  

#2  Inside The "Strong" Jobs Report: Full-Time Workers -1K; Part-Time Workers +679K

3.3% real wage decline in 2022.

Heckuva job Brownie.
Posted by: Waldemar the Limber5043   2023-01-07 03:12  

#1  Just about matches the number of illegals for December.
Posted by: Skidmark   2023-01-07 00:15  

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