February Jobs Report Shows Inflation Continues to Outpace Wage Growth
Spencer Brown
Posted: Mar 04, 2022 9:00 AM
Despite a stronger than expected February jobs report that showed an employment increase of 678,000 jobs and a 3.8 percent unemployment rate on Friday morning, the American economy is still struggling to keep up with inflationary pressure and grappling with damage caused by pandemic lockdowns and restrictions according to Labor Department data.
https://twitter.com/BLS_gov/status/1499739188157108224The report shows that in February, 4.2 million Americans remained out of work "because their employer closed or lost business due to the pandemic," a lasting testament to the effects of COVID lockdowns and restrictions.
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https://townhall.com/tipsheet/spencerbrown/2022/03/04/february-jobs-report-n2604121
