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.

that's the way it's handled by the U.S.A.

Turnover remains historically high as 4.5 million people quit their jobs in March, up from 4.35 million people, or 2.9% of workers, who quit in February.

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US added 428K jobs in April despite rising inflation, interest ratesFor the past year, America's job market has run like a well-engineered machine, adding an impressive average of 540,000 workers a month despite a punishing inflation rate. All low wage jobs, no protections, no rights, no benefits 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. Sure, how many did it lose prior to this “well oiled machine” firing up?
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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.
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