Job and wage growth blow past expectations

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Cypress

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Payrolls and wages blow past expectations, flying in the face of Fed rate hikes

Nonfarm payrolls increased 263,000 for the month while the unemployment rate was 3.7%, the Labor Department reported Friday.

The payrolls number was well above the 200,000 estimate, while the unemployment rate was in line.

Average hourly earnings jumped 0.6% for the month, double the estimate, and 5.1% annually versus the 4.6% expectation.

https://www.google.com/amp/s/www.cnbc.com/amp/2022/12/02/jobs-report-november-2022.html
 
More than two years ago, Trump practically guaranteed an economic Depression of apocalyptic proportions if Americans dared to elect Joe Biden

Trump paints apocalyptic picture of life under Biden

October 2000, (AP) — The suburbs wouldn’t be the suburbs anymore, the economy would sink into its worst depression ever and police departments would cease to exist. Even America’s older adults would be left to figure out how to get by without heat, air conditioning or electricity.

This is the apocalyptic version of American life that President Donald Trump argues would be the dire consequence of turning over the White House to Democrat Joe Biden.

https://apnews.com/article/election...lice-economy-3082b995c1fd89129671b245797bc902
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