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The US economy gained 236,000 jobs in March

Posted on 4/7/23 at 9:10 am
Posted by RLDSC FAN
Rancho Cucamonga, CA
Member since Nov 2008
56066 posts
Posted on 4/7/23 at 9:10 am
quote:

JUST IN: The US economy gained 236,000 jobs in March. That’s very solid but slowing from 472,000 in January.

Unemployment rate: 3.5%

Wage growth: +4.2% --> down from 4.6% in Feb.

quote:

Good news: The labor force participation rate rose to 62.6% in March 2023.

That's the highest rate since pre-pandemic.

A sign that more people are going back to work and looking for work again.

quote:

We're starting to see 2 economies for jobs: Still hiring in restaurants/health/gov but not in retail/real estate

Hospitality: +72,000
Gov't +47,000
Biz: +39,000
Healthcare +34,000
Social aid +17,000

Retail -14,600
Warehousing -11,800
Construction -9,000
Real estate/leasing -7,200
Manufacturing -1,000

quote:

Huge surge in the labor force participation rate

+480,000 people entering in March
Labor force participation up to 62.6% (highest since 63.3% pre-pandemic in Feb 2020).


LINK
Posted by m2pro
Member since Nov 2008
29224 posts
Posted on 4/7/23 at 9:12 am to


Ok?
Posted by gumpinmizzou
Member since May 2017
3016 posts
Posted on 4/7/23 at 9:13 am to
quote:

Ok?


A thread with legitimate news to discuss and that's your response?
Posted by bayouvette
Raceland
Member since Oct 2005
5293 posts
Posted on 4/7/23 at 9:17 am to
I would love to beleieve it but all I'm seeing is massive layoffs
Posted by Richard Grayson
Bestbank
Member since Sep 2022
2149 posts
Posted on 4/7/23 at 9:18 am to
No it didnt
Posted by SuperSaint
Sorting Out OT BS Since '2007'
Member since Sep 2007
144857 posts
Posted on 4/7/23 at 9:18 am to
Biden's America
Posted by sqerty
AP
Member since May 2022
7320 posts
Posted on 4/7/23 at 9:18 am to
Look! We are hiring! Says every company, but they are not.
Posted by bad93ex
Walnut Cove
Member since Sep 2018
30892 posts
Posted on 4/7/23 at 9:19 am to
Looking forward to the savings this year at the 4th of July cookout.
Posted by PikesPeak
The Penalty Box
Member since Apr 2022
839 posts
Posted on 4/7/23 at 9:19 am to
*236,000 people got second jobs to afford all they need to survive
Posted by SaintsTiger
1,000,000 Posts
Member since Oct 2014
1473 posts
Posted on 4/7/23 at 9:20 am to
quote:

Looking forward to the savings this year at the 4th of July cookout.


Posted by fallguy_1978
Best States #50
Member since Feb 2018
51756 posts
Posted on 4/7/23 at 9:22 am to
quote:

Looking forward to the savings this year at the 4th of July cookout.

Might get up to 50 cents this year
Posted by beerJeep
Louisiana
Member since Nov 2016
36605 posts
Posted on 4/7/23 at 9:24 am to
quote:

Hospitality: +72,000 Gov't +47,000


The biggest two gains are in hospitality, low wage, low skill work.

And then the government. Where useless losers with no marketable skills go to steal tax money from people with actual marketable skills.
This post was edited on 4/7/23 at 9:24 am
Posted by TigerGman
Center of the Universe
Member since Sep 2006
12475 posts
Posted on 4/7/23 at 9:24 am to
Have to work just to afford a dozen Biden eggs.
Posted by AubieinNC2009
Mountain NC
Member since Dec 2018
6407 posts
Posted on 4/7/23 at 9:31 am to
shouldnt this be on the politics board?
Posted by SalE
At the beach
Member since Jan 2020
2693 posts
Posted on 4/7/23 at 9:32 am to
Seasonal positions
Posted by HailToTheChiz
Back in Auburn
Member since Aug 2010
52038 posts
Posted on 4/7/23 at 9:34 am to
I feel like I saw article after article on massive layoffs but maybe that was last month
Posted by bad93ex
Walnut Cove
Member since Sep 2018
30892 posts
Posted on 4/7/23 at 9:36 am to
quote:

I feel like I saw article after article on massive layoffs but maybe that was last month



You know god damn well that these numbers are cooked more than Walter White and Jesse in the Winnebago.
Posted by theronswanson
House built with my hands
Member since Feb 2012
3085 posts
Posted on 4/7/23 at 9:37 am to
Job gains need to slow so we can start to lower inflation.
Posted by momentoftruth87
Your mom
Member since Oct 2013
84581 posts
Posted on 4/7/23 at 9:41 am to
Macro economics isn’t political and allowed on the OT?
Posted by LC412000
Any location where a plane flies
Member since Mar 2004
16673 posts
Posted on 4/7/23 at 9:45 am to
Thanks for this information, hells me make up my mind I’m voting for the black chick whatever her name is ??
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