Happy #jobsday
236K jobs gained last month (mid-Feb to mid-Mar).
-17K jobs in revisions of prior 2 months
Here's the big picture
#JobsDay: 517,000 jobs net growth. #wheeee!
Fed has been trying to slow the economy by throwing cats and dogs into the wheelwells of econ expansion. In ordinary times maybe this'd prompt the slowdown that Powell/Fed wants. But these NOT ordinary times. Fed should grasp that. https://twitter.com/MetroGram/status/1621624455285071872
Every sector has recovered from the pandemic except for leisure and hospitality. Construction still chugging along despite rate hikes. #jobsday
RT @JECDems@twitter.com
Today’s #JobsDay Highlights:
💼 263K jobs added in November
✅ Over 10.5 million jobs created under @POTUS@twitter.com
💪 The unemployment remained steady at 3.7%
🧵⤵️
RT @repdinatitus@twitter.com
#JobsDay Highlights:
💼 263K jobs added in November
✅10.5 million jobs created under @POTUS@twitter.com
💪The unemployment rate remained steady at 3.7%
🐦🔗: https://twitter.com/repdinatitus/status/1599116260586926081
Um, wut?
CES response rate was under 50%. That’s the lowest November rate since 1990 #jobsday https://www.bls.gov/web/empsit/cesregrec.htm
For #JobsDay I predict +200K (down from my original estimate of +225k) and 3.6% cc @bencasselman @nick_bunker