678k Jobs Added, 0% Development In Earnings (MoM), Inflation Is 7.5% (REAL Wage Development Damaging -2.4%) – Funding Watch

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    by confoundedinterest17

    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.

     

















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