U.S. job gains totaled 272,000 in May, more than expected
U.S. job gains totaled 272,000 in May, more than expected
www.cnbc.com U.S. job gains totaled 272,000 in May, more than expected
Nonfarm payrolls were expected to increase by 190,000 in May, according to economists surveyed by Dow Jones.
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Job growth doesn't mean shit if it's not accompanied by wage growth. They keep talking job numbers as if that alone pays the bills.
From the article
Regarding wages, average hourly earnings were higher than expected as well, rising 0.4% on the month and 4.1% from a year ago. The respective estimates were for increases of 0.3% and 3.9%.
Still doesn't mean shit if people can't live on those wages.
Well, it's better than inflation. But, I realize that whine is for another reason.
Not when inflation has exceeded wage growth
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