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© 2022 AFPSlowdown or not? U.S. job market walking a tight rope
By Julie CHABANAS WASHINGTON©2024 GPlusMedia Inc.
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© 2022 AFP
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dagon
This is literally never the case.
It is a lack of wages and benefits of the jobs offered for the associated working conditions.
David Brent
There is no labor shortage. There is a pay shortage.
lostrune2
The US "Great Resignation" is still ongoing
https://en.wikipedia.org/wiki/Great_Resignation
US workers are quitting their jobs at higher rates in recent history because they can find jobs elsewhere that suits them better
Roblib
Job growth has to slow way down in order to curb some of the inflation. Of course some of it will naturally come down over time as commodity prices comes down, but if people still have money to spend then demand is there for products and services and prices will remain elevated.
Nemo
Shhhhh!
Youll ruin the whole “the economy is going to hell!” Talking point.
Sh1mon M4sada
This story needs editing, the unemployment rate released Friday actually rose to 3.7%
https://tradingeconomics.com/united-states/unemployment-rate
The narrative is also rather misleading. All things point to a slowing down in the US economy, even inflation is flattening. It might suit the Biden administration's narrative (and that of the Feds), ie blaming consumers for the inflation when it was the Russian sanctions that caused the energy spike and the flow on effects of that. The Feds needs to get its independence back and stop this spurious rate hike cycle before they destroy the US economy.
Yrral
Nothing can stop the US as long as cheap, Chinese good are feeding the beast,in America,you spend money, because you have too,not because want too
Sh1mon M4sada
The unemployment rate disagree with you.
OPEC+ disagree with you and meeting soon to try and avoid collapse.
Oil futures 50% down from high. Market disagree with you.
Bond market disagree with you, yield curve inverted.
Two consecutive negative GDP growth disagree with you.
Only the White House agree with you, LOL.
https://www.whitehouse.gov/cea/written-materials/2022/07/21/how-do-economists-determine-whether-the-economy-is-in-a-recession/
LOL, LOL, HAHAHA.
xin xin
Rising employment, falling GDP, so what gives? Productivity (hourly output per worker). US productivity fell to historic, record low in the last reading out two weeks ago. The effect of strengthening labor unions and other socialist work practices, government regulations that inhibit investment, etc, are now showing up. To escape from anti-business factors, many firms, big and small, are running away from blue states like California to red states like Tennessee and Florida.