Immediately’s jobs report is a mixed-bag. In response to the February Bureau of Labor Statistics (BLS) report …
The nice: 678k jobs have been added.
The dangerous: Month-over-month wage incomes skilled 0% development (though YoY development declined to five.1%).
The ugly: inflation remains to be at 40 years highs of seven.5%. Which means that REAL wage development is -2.4%.
Right here is the roles report abstract.
In fact, the main sector for job creation was … leisure and hospitality with 179k added. Meals companies and ingesting locations (aka, bars) added 124k jobs.
Vitality costs are manner up … once more … which can gasoline extra value will increase. WTI Crude is up over 4% in a single day, NYH gasoline futures are up 4.33%, coal is up 22.48%.
Hey bartender! You’re the main job addition.