Private sector jobs surged by 497,000 for the month, well ahead of the downwardly revised 267,000 gain in May and much better than the 220,000 Dow Jones consensus estimate. The increase resulted in the biggest monthly rise since July 2022.
This is a big damn deal yet the media is of course being it’s corporate self. CNN’s headline is “US job openings dropped below 10 million in May”
What I want to know is how much of those are fake jobs that were posted online? And how much on average are those jobs paying? Number of jobs are pointless without other facts to accompany it… :/
The 400k number isnt new vacant jobs. It’s filled jobs.
Ah ok, got it.
The fake recession strikes again.
Oh, no! People are still managing to afford housing! This cannot be allowed to stand.
If anyone is wondering why stocks are tanking so hard today, this is a major factor.
Capital thinks it loses when labor wins. It’s not completely zero sum but they are too dumb to see that. Labor is winning right now.
Many of the companies that have done layoffs in the last year are desperately hiring to fill the gaps they made for no reason. They (corporate leaders) want recession and high unemployment so bad they are flailing.
deleted by creator
15$/hr to work fast food isn’t going to buy a house and put the kids through college. That’s true. But it still is a fucking revolution in this country to see entry level food service staff getting that pay. Fast food jobs act as a sort of minimum wage alternative in a country that lacks the fortitude to instate a realistic one.
If your job paying less than 15, might be time to have lunch at McDonald’s with the boss and discuss a raise. That sign can change lives.
deleted by creator
That is fantastic. Some day, I hope we can tackle starvation wages at the national level but for now a strong labor market is the best we can do. In many states that job paid less than 8/hr a few yrs ago.
