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CSM
, 3 tweets, 1 min read Read on Twitter
“Labor force participation increased, rising to 63.2% tying its highest level since August 2013. The total number of Americans considered employed surged by 590,000 to a record 157.9 million.” Wages are up a healthy 3.2% for the year, which continues to drive consumer spending.
August jobs numbers came in “less than expected.” While the headline unemployment rate remained at 3.7%, 130,000 jobs were created last month. It’s pretty tough to improve upon full employment, which even Reuters admitted back in 2017 when the headline unemployment rate was 4.7%
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