Showing posts with label FOX News. Show all posts
Showing posts with label FOX News. Show all posts

Saturday, June 4, 2022

Companies Keep Hiring

Nonfarm payrolls increased by 390,000 in May, above the 328,000 Dow Jones estimate.

The unemployment rate held at 3.6%, while a more encompassing jobless rate edged higher to 7.1%.

Average hourly earnings rose slightly less than expected but were still up 5.2% from a year ago.

Leisure and hospitality led gains, followed by professional and business services then warehousing and transportation. [source]

Fox News thinks all of this is bad. The delusion continues. Being contrarian for the sake of being contrarian continues.