If jobs and wages told you everything you need to know about the U.S. economy, we’d be in a golden age.
Employers added 431,000 new jobs in March, a muscular pace of hiring that shows no sign of abating. Job creation is averaging 562,000 new jobs per month so far this year, and 565,000 new jobs per month since President Biden took office in 2021. At this rate, the economy will exceed pre-pandemic levels of employment by summer. The unemployment rate dropped from 3.8% to 3.6% and is also on…
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