More jobs added in April

[Ravi860]

Job growth totals 253,000 in April, beating expectations even as the U.S. economy slows

Job growth fared better than expected in April despite bank turmoil and a decelerating economy, the Labor Department reported Friday.

Nonfarm payrolls increased 253,000 for the month, beating Wall Street estimates for growth of 180,000, according to the Bureau of Labor Statistics.

The unemployment rate was 3.4% against an estimate for 3.6% and tied for the lowest level since 1969.

https://www.cnbc.com/2023/05/05/jobs-report-april-2023-job-growth-totals-25300-in-april.html

[Ravi860]

Okka IT lone levu jobs.. everywhere else strong la undi 

[psycho_jagan]

11 minutes ago, Ravi860 said:

Okka IT lone levu jobs.. everywhere else strong la undi 

IT many got in last 2 weeks 

[kakatiya]

The net financial growth slowed down ..which suggests the income providing jobs are heavily imapacted and they r working 2  part time jobs to make both ends meet..that's why low income jobs grew. 1 well paid job replaced by 3  low income jobs and hence no net gain ..

 

This is how recession starts.. soon banks will collapse adding more job loss at high paying levels..

[Manishican]

Many friends planning to buy second home