U.S. adds a much-better-than-expected 272,000 jobs in May, but unemployment rate edges up to 4%
www.cnbc.com
Nonfarm payrolls were expected to increase by 190,000 in May, according to economists surveyed by Dow Jones.
  • anticolonialist@lemmy.cafeEnglish
    145·
    7 months ago

    Job growth doesn’t mean shit if it’s not accompanied by wage growth. They keep talking job numbers as if that alone pays the bills.

    • Rapidcreek@lemmy.worldOP
      6·
      7 months ago

      From the article

      Regarding wages, average hourly earnings were higher than expected as well, rising 0.4% on the month and 4.1% from a year ago. The respective estimates were for increases of 0.3% and 3.9%.