Amid a record hiring streak in the U.S., economists are watching for signs of a possible wave turn. WSJ’s Anna Hirtenstein looks at how rising interest rates, high inflation, market selloffs and recession risks challenge the growth of America’s workforce. Photo: Olivier Douliery/AFPin July, recouping the number of payrolls lost in the wake of the pandemic.
The unemployment rate also dropped to 3.5%, a half-century low also seen just before the pandemic in early 2020, the Labor Department said Friday. The acceleration follows a first half of the year during which payrolls grew faster than during any other post-World War II period when the economy began contracting.
Uh I could have told you that. Airports are off the chain with travelers and people are still spending money
My Partner. 💕
The increase labor in pt and lower paying jobs rose higher than professionally higher paying roles. Still a concern for those oow in the professional sector.
Does this take into consideration all the illegal immigrants pouring in over the border?
92,000 was multiple jobs. Tell the truth of this jobs report.
Tell the whole story; 71,000 was full time, 384,000 was part time jobs. Not so great
What do you mean ‘rising risks of a recession’?😱 You’re officially IN one ! Don’t tell me you’re blatantly changing the definition in line with the fake president and his cabal cronies?
Working at McDonald’s part time is not a long term job
Damn
So why are stocks down this morning? Do they just do the opposite of what id think they would do?
Let's go Brandon! ThanksBrandon
I don’t believe this report.
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