Liberal Forum

R.Suave » 08 Mar 2024, 8:42 am » wrote: ↑

08 Mar 2024, 8:42 am

The labor market showed resiliency in February, adding 275,000 jobs, a sign that economic growth is still solid.

https://www.nytimes.com/live/2024/03/08 ... ry-economy

As Joementum continues to defy all efforts to contain it, they might have to call in 

I am guessing the article you did read also mentions the unemployment rate went up to 3.9, many were laid off, and the January numbers were revised downward. 

I didn't read your article because it is behind a payroll but I did post about this to you on this thread.  It is a lot for you to read at one time but give it a go. 

viewtopic.php?p=2514168#p2514168

The US economy created more new jobs than expected in February, while an increase in the unemployment rate for the first time in four months and downard revisions to job growth in prior months suggested signs of some softening in the US labor market.


 The US economy added 275,000 nonfarm payroll jobs in February, significantly more additions than the 200,000 expected by economists. Meanwhile, the unemployment rate increased to 3.9% from 3.7% in January.


Friday's report also brought revisions to the January reading. After an initially expected 353,000 jobs were added, revisions showed a more modest 229,000 nonfarm payroll job additions in the month.

https://finance.yahoo.com/news/february ... idscIFFZ-Q

U.S.-based employers announced 84,638 cuts in February, up 3% from the 82,307 cuts announced one month prior. It is 9% higher than the 77,770 cuts announced in the same month in 2023, according to a report released Thursday from global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc.
February’s total is the highest for the month since 2009, when 186,350 job cuts were announced in the second month of the year.So far this year, companies have announced plans to cut 166,945 jobs, down 7.6% from the 180,713 cuts announced in January and February last year. With the exclusion of the first two months of last year, it is the highest January through February total since 2009 which saw 428,099 cuts announced during the first two months of the year.


“As we navigate the start of 2024, we’re witnessing a persistent wave of layoffs. Businesses are aggressively slashing costs and embracing technological innovations, actions that are significantly reshaping staffing needs,” stated Andrew Challenger, labor and workplace expert and Senior Vice President of Challenger, Gray & Christmas, Inc.
https://www.challengergray.com/blog/job ... last-year/

I guess idiots like you are celebrating.