US added 428K jobs in April despite rising inflation, interest rates

The first quarter's growth was hampered mainly by a slower restocking of goods in stores and warehouses and by a sharp drop in exports.

But chronic shortages of goods, supplies and workers have contributed to skyrocketing price increases - the highest inflation rate in 40 years. Russia's invasion of Ukraine in late February dramatically worsened the financial landscape, sending global oil and gas prices skyward and severely clouding the national and global economic picture.

Even so, pay raises haven't kept pace with the spike in consumer prices: Adjusted for inflation, hourly wages have actually fallen for 12 straight months.

If you’re looking for PT, low wage jobs. Stop gaslighting us, we’re living in this economy, it’s bad and no matter much you lie, the people know.

Sure, how many did it lose prior to this “well oiled machine” firing up?

It’s sad to watch the transition of you guys from the most respected local news program to the mouthpiece of the machine. Add in the decrease in GDP, let’s pray we aren’t heading for a recession.

All low wage jobs, no protections, no rights, no benefits

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US Hiring Likely Kept Up Strong Streak in April Despite InflationThe resilience of the job market is particularly striking when set against the backdrop of galloping price increases, rising borrowing costs and fear that the Federal Reserve’s sharp interest rate hikes could eventually lead to a recession.
Source: nbcchicago - 🏆 545. / 51 Read more »