A Quick Look at the Current Job Market and Some Other News

The latest jobs report shows a strong economy. For the third month in a row, new jobs grew faster than expected. The job market is adding a lot of positions while not letting many go. About 188, 000 new jobs were added each month on average. That’s a big deal because it’s higher than usual. In fact, it’s only happened a few times since 1947. Here’s something else interesting. The number of foreigners in the workforce dropped by half a million in the past year. At the same time, the number of federal government jobs fell by 275, 000 since last year. That means the job growth we’re seeing isn’t just from government hiring or foreign workers. It shows the economy is growing on its own.

Manufacturing is doing really well too. Factory workers are seeing the biggest wage increases in over 50 years. Their pay is up nearly 7. 5% in just a year. More overtime hours and better productivity are helping too. This isn’t bad for businesses either. Profits are still growing, so the economy is expanding without causing higher prices. Some people aren’t happy about these numbers. One senator criticized the president for some stock trades made by his trusts. But looking at the data, there’s no evidence of wrongdoing. The stocks didn’t do any better than the rest of the market.

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