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

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Economists are feeling dismal for a reason. IS/Getty Images by Christopher Decker, University of Nebraska Omaha Don’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 … Continued

The post Jobs are up, wages less so – and lower purchasing power could still lead the US into a recession appeared first on New Pittsburgh Courier.

Source: New Pittsburgh Courier - Powered by Real Times Media

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