The Fed's Huge Monetary Overhang Keeps Job Totals Up as Real Wages Fall

released new jobs data on Friday. According to the report, seasonally adjusted total nonfarm jobs rose 311,000 jobs (seasonally adjusted) in February, which was nearly 100,000 jobs above expectations. The unemployment rate rose slightly from 3.4 percent to 3.6 percent (month over month) but this partly reflected a rising labor participation rate which rose to 62.5 percent,…

This story appeared on, 2023-03-11.
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