I’d like to point out to younger people that good or bad, future employers check your social media before deciding whether to hire you or not. They’re not supposed to do that but I know many do so consider what you post and how it could affect your future. #jobs#employment#socialmedia
The data is unlikely to affect the #FederalReserve’s decision next week on #InterestRates, when most economists expect policymakers to leave rates unchanged at their currently high level. #Fed ofcls have noted they are most focused on progress in suppressing inflation#.
In other data released this week, the ratio of #JobOpenings to #unemployed workers in April declined to prepandemic levels after peaking at more than two to one in early 2022. #Employers aren’t #hiring very quickly, but they’re not laying many people off, & #workers are less likely to quit their #jobs than they were in 2019.
The drop in #LaborForce participation came largely from those between the ages of 20–24, declining from 72.4% in April to 70.8% in May.
The U.S. economy added a booming 272,000 jobs in May, with unemployment at 4%.
USA Today reports: "Wage growth generally has downshifted as COVID-related labor shortages have eased, but it’s still above the 3.5% clip that’s consistent with the Federal Reserve’s 2% inflation goal."
Meanwhile, back at the RNC ranch, the spineless, ball-less members of the GOP are powdering & diapering Boss Baby Donnie, preparing for the next ass kissing session by the VP potentials.
• 272K jobs added in May
• Women's employment rate hits another high
• A total of 15.6 million jobs added under Biden so far
• 30 straight months of unemployment rate at or below 4%
• Prime-working-age labor force participation at 22-year high
• Wages up 4.1% over past year, rising faster than 3.4% inflation
• 272K jobs added in May
• Total of 15.6 million jobs added under Biden
• Women's employment rate hits another high in May
• 30 straight months of unemployment rate at or below 4%
• Prime-working-age labor force participation at 22-year high
• Wages up 4.1% over past year, significantly faster than 3.4% inflation
@DemDifference so wage growth when adjusted for inflation is 0.7%? Before I get vaguely excited about this momentus gain. I have to ask are any of those good jobs? Do any of those 15.6 million jobs pay a semi liveable wage? You probably know the answer is most likely no. So if the goal here is to bring hope to society, we need meaningful numbers that can reflect the actual value in these marginalized gains.