08-24-2024, 01:18 PM
“The cooling in labor market conditions is unmistakable,” Powell said.
“We do not seek or welcome further cooling in labor market conditions,” Powell said
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As I stated in another thread, (and was rebuked) the monthly labor stats were not even close. Anyone that didn't have their head in the sand, advocating for another Biden term of a downward spiral, already knew that the labor situation was not rosy. Tech companies have been laying off and stopping new hiring for over a year. Those jobs created have been poor paying service sector/retail jobs sprinkled in with government jobs.
“We do not seek or welcome further cooling in labor market conditions,” Powell said
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As I stated in another thread, (and was rebuked) the monthly labor stats were not even close. Anyone that didn't have their head in the sand, advocating for another Biden term of a downward spiral, already knew that the labor situation was not rosy. Tech companies have been laying off and stopping new hiring for over a year. Those jobs created have been poor paying service sector/retail jobs sprinkled in with government jobs.