No matter what the media editors want to sell?
The November numnber IS 20,000 LESS than October…..
In addtion?
Check the front pages of the newspapers and on line…..
Everyweek we have a tech or other big compnay laying off THOSANDS of employyee’s…..
Maybe I’m a bit negative….
But I do NOT see this current economy doing so Good like some people trying to sell something that just ain’t there….
Oh?
Ole Jerome Powell over at the Fed admitted a week or two ago?
His interste raising thing ain’t doing to good….
So?
He’s gonna slow the rate increases….
The surprisingly robust showing creates new questions in an already confounding situation. Economists say they are encouraged by the labor market’s durability but worry that continued momentum — and rising wages, in particular — will keep the Fed on its quest to slow the economy for longer, increasing the risk of recession….
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More broadly, the latest numbers show a bifurcation in hiring as Americans shift more of their spending away from goods to services. Many of the biggest job gains in November were concentrated in service industries, such as leisure, hospitality and health care. Meanwhile, employment fell in retail, transportation and warehousing as businesses scaled back on holiday hiring.
A separate government report earlier this week showed that there were 10.3 million job openings in October, down from 10.7 million a month earlier.
“There is a disconnect between workers and jobs,” said Giacomo Santangelo, economist at Monster.com. “You can say there are openings for every unemployed person, but that doesn’t match up to reality. There’s huge demand in nursing, but if you lost your job at Twitter or Meta or Alphabet, you’re not going to be a nurse.”…
…
That divide is becoming increasingly clear as some companies have announced sweeping layoffs, while many others struggle to find enough workers. Some of the country’s largest employers, including Walmart, Amazon and Google, have recently cut thousands of white-collar jobs. Tech firms have weathered a particularly sharp slowdown with heavy job losses and hiring freezes, and media companies including CNN and Gannett newspapers announced layoffs this week. Meanwhile, employers in low-paying sectors such as education, health care and hospitality report widespread labor shortages. (Amazon founder Jeff Bezos owns The Washington Post.)
Roxanne Pauni, who owns a child-care center in Logan, Utah, says she’s hired at least 80 people in the last two years, though she’s currently down to 25. She’s raised hourly pay from $9 to $15, but still has trouble finding and keeping employees…..