275,000 new jobs last month – VERY good news indeed!
Since the beginning of 2021, over 10 million jobs have been created.
Yesterday’s jobs report showed strong employment growth across multiple industries;
Over the last 3+ years, 800,000 manufacturing jobs have been created..
Along with big job increases, wages are up too.
Last month average hourly earnings rose to $34.57 – a 4.3% increase YoY. (that’s about $69,000 a year)
From USAToday:
“Since the spring of last year, pay increases have outpaced inflation, giving consumers more purchasing power.”
What does this mean for you?
More jobs + higher wages = more payroll + more consumers buying more stuff.
Note – thanks very much to several folks at WCRI who thanked me for doing the Good News Friday posts – I appreciate you.
J. – thanks for sharing that even though we may have different political views, you appreciate the posts.
Have a most excellent weekend!
Good news indeed- I recently joined Lakeside Neurologic, a provider for post-acute neurorehabilitation, and can confirm this trend with employers offering increases in competitive wages and investing in their most valuable assets, their employees. Lakeside recently announced a tiered wage increase plan to retain current employees and attract new employees. They will also be implementing tuition reimbursement.
Congratulations on the new position Tammy.