"The economy added 263,000 jobs, while the unemployment rate stayed 3.7%, still near a 53-year low"

[CousinIT]

THANK YOU Joe Biden and Democrats. They're the only people/party who can - or even wants to build a healthy economy - and which cares about workers. F*ck the goddamned Republicans.

https://apnews.com/article/inflation-economy-amazoncom-inc-business-jerome-powell-a42435c199d221ecdb8680d39d093b6b

WASHINGTON (AP) — The nation’s employers kept hiring briskly in November despite high inflation and a slow-growing economy — a sign of resilience in the face of the Federal Reserve’s aggressive interest rate hikes.

The economy added 263,000 jobs, while the unemployment rate stayed 3.7%, still near a 53-year low, the Labor Department said Friday. November’s job growth dipped only slightly from October’s 284,000 gain.

All year, as inflation has surged and the Fed has imposed ever-higher borrowing rates, America’s labor market has defied skeptics, adding hundreds of thousands of jobs, month after month.

With not enough people available to fill jobs, businesses are having to offer higher pay to attract and keep workers. In November, average hourly pay jumped 5.1% compared with a year ago, a robust increase that is welcome news for workers but one that makes the Fed’s efforts to curb inflation potentially more difficult. On a month-to-month basis, wages jumped 0.6% in November, breaking a streak of smaller gains that had suggested that pay growth might be cooling.

[LetMyPeopleVote]

1. This makes me smile

Link to tweet

Link to tweet