March Jobs Report Misses Expectations As Wages Lag Behind Inflation

[mystery-ak]

March Jobs Report Misses Expectations As Wages Lag Behind Inflation
Spencer Brown

Posted: Apr 01, 2022 9:15 AM

The United States economy added a weaker than expected 431,000 jobs in March and the country's unemployment rate declined slightly to 3.6 percent according to Bureau of Labor Statistics data released Friday morning. Jobs gains were driven by the leisure and hospitality, professional and business services, retail trade, and manufacturing sectors of the economy, but the latest data shows that the economy is still struggling under President Biden's economic policies.

Economists had expected the United States to add 490,000 jobs last month, and with March's miss, the economy is down 1.6 million jobs — one percent — from the economy's pre-pandemic level in February 2020.

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https://townhall.com/tipsheet/spencerbrown/2022/04/01/march-jobs-report-misses-expectations-as-wages-lag-behind-inflation-n2605366

[catfish1957]

The one biggest lie is that the effective annual inflation rate is 8%.  Everyone under the sun knows it is really somewhere between 12-18%.

That factoid needs to be factored in, when parsing any unemployment or wage growth reports.  Stagflation is an ugly mean  animal, and that animal is really going to show some teeth, when companies start reporting poor earnings reports, and stock prices start drifting down in tandem.

[DefiantMassRINO]

For 40 years, our economic and monetary regimes have been structured to prevent wage inflation.  Wages are not going to rise simply because inflation is increasing.

I've only seen wages rise when the demand for labor was greater than the supply of those willing to work for what the companies were offering.

The US Chamber of Commerce solution will be to import more indentured servants from overseas.

Some businesses will close, and others will innovate and automate.

[Kamaji]

The one biggest lie is that the effective annual inflation rate is 8%.  Everyone under the sun knows it is really somewhere between 12-18%.

That factoid needs to be factored in, when parsing any unemployment or wage growth reports.  Stagflation is an ugly mean  animal, and that animal is really going to show some teeth, when companies start reporting poor earnings reports, and stock prices start drifting down in tandem.

[240B]

The one biggest lie is that the effective annual inflation rate is 8%.  Everyone under the sun knows it is really somewhere between 12-18%.

Inflation is selective from one item to the next. A beef item which cost $15 in the Trump times, now under Biden the exact same thing is $32. Gasoline, on which every thing else is based, is up well over %100 since Biden coup. And none of this is accidental or simple incompetence. It is all being done purposefully and with malice to America and the American people.

Democrats/Leftists/Communists have always hated America. Now that they put themselves in charge, they fulfilling their life-dream of destroying America as a prosperous sovereign nation.