Inflation continues to plague the United States exponentially due to the consumption of goods fostered by checks and government stimuli, as well as aid to unemployed citizens who had a sharp decline in their economy due to the pandemic.
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However, surprisingly the country had a rather striking growth in jobs. As reported by ‘CNN’, hehe US economy registered more than 517,000 new jobs in January, evidence that this market is far from cool, or so the Bureau of Labor Statistics reported.
Clearly, those who want to work can find a job in this economy. How does a recession happen when everyone has a job?
The data surprises statisticians, who plotted the increase in the employability rate in 185 thousand positions in the territory. This rise has caused all sectors of the country to have made considerable gains, according to the Refinitiv census.
So things, leisure and hospitality were the fields with the most people hired, two trades in which migrants can be easily linked and in which confidence had been lost when the health emergency began.
“With 517,000 new jobs added in January 2023 yuWith an unemployment rate of 3.4%, this is a very successful report which shows that the job market is more like a bullet train,” Becky Frankiewicz, ManpowerGroup president and chief commercial officer, said Friday in a news release.
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According to the aforementioned media, these figures were not seen for more than 60 years, but it points out that the increase in wages slowed down at the same time that jobs increased with average hourly earnings falling 0.2 percentage points to 4.4% year-over-year.
“Clearly, those who want to work can find a job in this economy. How does a recession happen when everyone has a job?” RedBalloon CEO Andrew Crapuchettes told CNN.
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