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US Government Creates 253,000 Jobs Amid Rate Hikes. - Foreign Affairs - Nairaland

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US Government Creates 253,000 Jobs Amid Rate Hikes. by stephendinks: 5:27am On May 06, 2023
The US labor market continued to display resilience in April with a robust addition of 253,000 jobs by employers, demonstrating surprising strength despite rising interest rates, high inflation, and a banking crisis that could potentially weaken the economy. The unemployment rate fell to 3.4%, matching a 54-year low.

The number of jobs added was significantly higher compared to 165,000 in March and 248,000 in February, and the gains were considered vigorous by historical standards.

Although the Federal Reserve’s aggressive interest rate hikes aimed at fighting inflation have not yet affected the job market, the higher borrowing costs have weakened key sectors like.......

https://ratecaptain.com/?p=22320
Re: US Government Creates 253,000 Jobs Amid Rate Hikes. by DispatcherLagos: 5:31am On May 06, 2023
And one m0ron in Nigeria was on live TV the other disgracing his generation by saying "govt is not responsible for job creation"

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