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Jobs are up, wages less so – and lower purchasing power could still lead the US into a recession – The Conversation

Jobs are up, wages less so – and lower purchasing power could still lead the US into a recession – The Conversation
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Jobs Are Up, Wages Less So – and Lower Purchasing Power Could Still Lead the US into a Recession

Quelle surprise! Trends in wages indicate that the economy is less robust than the officialdom and financial press would have you believe.

United statesChristopher deckerBureau of labor statistics on septUniversity of nebraska omahaFederal reserveLabor dayLabor statistics

Jobs are up, wages less so – and lower purchasing power could still lead the US into a recession

Economists are feeling dismal for a reason. IS/Getty ImagesDon’t be overly fooled by seemingly rosy jobs data heading into the Labor Day weekend. Yes, the U.S. economy added 187,000 jobs in August 2023 – faster than the revised 157,000 increase for July and above most analysts’ expectations for the month. And yes, gains were seen across most industries, with health care and social assistance adding 97,300 positions, leisure and hospitality boosting numbers by 40,000, construction up by 22,000 jo

United statesChristopher deckerFederal reserveUniversity of nebraska omahaBureau of labor statistics on septLabor dayLabor statisticsLabor day weekendUnemployment rateBureau of labor statistics

Everything you need to know this weekend at the Delaware beaches

From Lewes to Fenwick Island, the weather looks great for beach-going and there s so much to do.

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Your guide to the first weekend in August at the Delaware beaches

From Lewes to Fenwick Island, the weather looks great for beach-going and there's so much to do.

Ocean cityUnited statesBethany beachRehoboth beachDepartment of natural resourcesNational weather serviceUs army corps of engineersClear space theatre company in rehoboth beachOcean city convention centerNews journalNational weatherDelaware onlineKarmafest summer sunHudson fieldsFreeman arts pavilionRehoboth beach summer children

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