So we have the April jobs report, and members the Federal Reserve Open Market Committee are probably considering another 50 basis point (½%) rate hike.
We have 253,000 jobs added, wages rose by 4.4%, and unemployment fell to 3.4%.
Clearly, the beatings will continue.
I'm confused though, because initial unemployment claims rose to 242,000, the highest level in 6 weeks, though continuing claims fell, down 38,000 to 1.81 million.
¯\_(ツ)_/¯
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A member of the Democratic wing of the Democratic party, and a fan of Bernie who thinks Neoliberal (DLC/New Dem) trickle down conomics sucks.Mechanical Engineer with a background in defense, electronics packaging, medical & food equipment, transportation, and manufacturing.
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I am a Jew and a Zionist, who is married to a woman with exquisitely bad taste in men, and I have two remarkable children with her.
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