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Jobs are up! Wages are up! So why am I as an economist so gloomy?
By Edouard Wemy, Clark University In any other time, the jobs news that came down on Dec. 2, 2022, would be reason for cheer. The U.S. added 263,000 nonfarm jobs in November, leaving the unemployment rate at a low 3.7%. Moreover, wages are up – with average hourly pay jumping 5.1% compared with a year […]...
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Posted: Dec 5 2022, 15:22
Author Name: investmacro
Views: 110673