Sometimes you need to take a step back: +2.7 million more people are employed now v. year ago. Wage growth has cooled: 4.2% y/y now v. 5.1% year ago. (But inflation also down: 3.7% now vs. 8.2% year ago.) Almost no one predicted this good news story. #jobs
@byHeatherLong How many are seasonal part-time jobs? hmmmm
@byHeatherLong If you travel across the country & speak with a large # of workers you will quickly learn these numbers are a mirage. Most employed Americans are making non-livable wages in the face of inflation and gentrification (a 20-year inflation). Tens of millions work more than 1 job.
How many people are working 2-3 jobs to get by? Costs across the board, of anything are up 20-30%! What exact numbers are being measured to analyze inflation? The driver of inflation, is government spending. Has that slowed down? Dig deeper, by allowing your objectivity to drive you.
@byHeatherLong @letsgohawksgpg We were still coming off Covid a year ago of course there are more ppl employed now, not necessarily in jobs that will support them. Also the unemployment claims have decreased because they have run out for most ppl.
The kids and nepo babies working for newspapers haven't had a real job before. This one doesn't understand credit cards have tripled, mortgages are highest in almost 3 decades and gas is high. But she thinks because people are getting second jobs, the economy is good. Let them eat cake huh Heather!
@byHeatherLong It's not just grade school children who aren't performing at their grade level in math.
@byHeatherLong Yes with everything double in price and affordability at the bottom of the barrel. We are significantly worse off than before the pandemic.
@byHeatherLong It's not good news if the interest rate continues to rise.