Difference between revisions of "Jobs report June 2023"
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(Created page with "The '''Jobs report June 2023''' contained bad news on several key issues: *a loss in manufacturing jobs *wage increases are not keeping up with inflation *the average hour...") |
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*a surge in black [[unemployment]] | *a surge in black [[unemployment]] | ||
Job gains were greater than expected, but in industries that do not contribute to productivity gains, such as government and social services jobs. | Job gains were greater than expected, but in industries that do not contribute to productivity gains, such as government and social services jobs. | ||
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[[category:finance]] | [[category:finance]] | ||
Latest revision as of 06:59, June 3, 2023
The Jobs report June 2023 contained bad news on several key issues:
- a loss in manufacturing jobs
- wage increases are not keeping up with inflation
- the average hours worked declined, suggesting that companies are lowering hours rather than using layoffs
- a surge in black unemployment
Job gains were greater than expected, but in industries that do not contribute to productivity gains, such as government and social services jobs.