U.S. Economy Added 311,000 Jobs in February

[mystery-ak]

John Carney 10 Mar 2023

The U.S. economy added 311,000 jobs in February and the unemployment rate inched up to 3.6 percent, the Labor Department said Friday.

Economists had forecast payrolls would grow by 223,000 and the unemployment rate would hold steady at 3.4 percent. The range of forecasts was between 160,000  to 325,000, an indication of how unpredictable the economy has become.

The Labor Department’s Job Opening and Labor Turnover Survey, knowns as JOLTS, showed that there were 10.8 million job openings at the end of December, around 1.9 vacancies for every unemployed person. Federal Reserve officials frequently cite the vacancy ratio as evidence that the labor market is so tight that it risks fueling inflation.

https://www.breitbart.com/economy/2023/03/10/u-s-economy-added-311000-jobs-in-february/

[LMAO]

From the article….

Federal Reserve officials frequently cite the vacancy ratio as evidence that the labor market is so tight that it risks fueling inflation.

Of course, inflation isn’t caused by the unprecedented printing and borrowing in the last several years, right