I hear news like this every week about our "booming economy" while several people I know including myself are finding it hard to get a job commensurate with our experience in this economy.
Is this election year fuzzy math?
https://www.cnbc.com/2024/04/05/job-growth-totaled-303000-in-march-better-than-expected-and-unemployment-was-3point8percent.html
Is this election year fuzzy math?
https://www.cnbc.com/2024/04/05/job-growth-totaled-303000-in-march-better-than-expected-and-unemployment-was-3point8percent.html
Quote:
- Nonfarm payrolls increased 303,000 for the month, well above the Dow Jones estimate for a rise of 200,000.
- The unemployment rate edged lower to 3.8%, as expected, even though the labor force participation rate moved higher to 62.7%.
- Wages rose 0.3% for the month and 4.1% from a year ago, both in line with Wall Street estimates.
- Health care led with 72,000 new jobs, followed by government (71,000), leisure and hospitality (49,000), and construction (39,000).
Quote:
The unemployment rate edged lower to 3.8%, as expected, even though the labor force participation rate moved higher to 62.7%, a gain of 0.2 percentage point from February. A broader measure that includes discouraged workers and those holding part-time positions for economic reasons held steady at 7.3%.
