U.S. Posts Robust Job Gains, Data Offer Mixed Inflation Signs

Posted on AllSides May 6th, 2022
From The Left

U.S. hiring advanced at a robust pace in April, yet a smaller labor force may increase pressure on employers to boost wages even more to bring workers back.

That dynamic will likely complicate the Federal Reserve’s fight to tame decades-high inflation, as central bankers work to bring labor demand in line with supply.

Nonfarm payrolls rose 428,000 last month in a broad-based advance, matching the gain in March, a Labor Department report showed Friday. The unemployment rate held at 3.6% and average hourly earnings rose, albeit at a more moderate...

Read full story
Some content from this outlet may be limited or behind a paywall.

Bloomberg

AllSides Media Bias Rating: Lean Left
AllSides Media Bias Rating: Lean Left
106786/84380
See full bias rating for Bloomberg
Learn about media bias
https://www.bloomberg.com/news/articles/2022-05-06/u-s-adds-428-000-jobs-while-unemployment-rate-holds-at-3-6

More News about Economy and Jobs from the Left, Center and Right

From the Left

From the Center

From the Right