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It's a charade - it's not a full blown recession with high job loss, but that is because more and more people keep dropping out on stimmy checks and forever disability. So hiring remains decent due to this, people just don't want to work anymore or pay the insane xiden admin taxes.
Factor in military disability and it's a bit more wonky I imagine.
It's a charade - it's not a full blown recession with high job loss, but that is because more and more people keep dropping out on stimmy checks and forever disability.
. If one works for any government agency, getting a disability payment is surprisingly easy to do.
The economy added 263,000 jobs, while the unemployment rate stayed 3.7%, still near a 53-year low, the Labor Department said Friday. November’s job growth dipped only slightly from October’s 284,000 gain.
All year, as inflation has surged and the Fed has imposed ever-higher borrowing rates, America’s labor market has defied skeptics, adding hundreds of thousands of jobs, month after month.
With not enough people available to fill jobs, businesses are having to offer higher pay to attract and keep workers. In November, average hourly pay jumped 5.1% compared with a year ago, a robust increase that is welcome news for workers but one that makes the Fed’s efforts to curb inflation potentially more difficult. On a month-to-month basis, wages jumped 0.6% in November, breaking a streak of smaller gains that had suggested that pay growth might be cooling.
https://apnews.com/article/inflation-economy-amazoncom-inc-business-jerome-powell-a42435c199d221ecdb8680d39d093b6b