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March 2023 Job Numbers: More of the Same
Posted on 4/7/23 at 12:23 pm
Posted on 4/7/23 at 12:23 pm
BLS
The Unemployment Rate dropped .1 while wage growth dropped by .4. Jobs rose by 236k (estimated was 200k, I believe).
As a bit of a footnote, the Labor Force Participation Rate has continued it's slow but steady .1 increase per month rise (going back to November), bringing it back up to 62.6% (which we haven't seen since March 2020).
Healthcare, government and hospitality/leisure were areas with big gains, retail, manufacturing, real estate and construction were areas with big losses. This makes me think we may be seeing a jobs bubble in luxury categories as the much of the big gains were not in necessities (thus it shouldn't be sustainable).
The Unemployment Rate dropped .1 while wage growth dropped by .4. Jobs rose by 236k (estimated was 200k, I believe).
As a bit of a footnote, the Labor Force Participation Rate has continued it's slow but steady .1 increase per month rise (going back to November), bringing it back up to 62.6% (which we haven't seen since March 2020).
Healthcare, government and hospitality/leisure were areas with big gains, retail, manufacturing, real estate and construction were areas with big losses. This makes me think we may be seeing a jobs bubble in luxury categories as the much of the big gains were not in necessities (thus it shouldn't be sustainable).
1
Posted on 4/7/23 at 6:45 pm to Bard
The numbers are total BS. They mean nothing.
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