The nation’s employers added a robust 216,000 jobs last month, the latest sign that the American job market remains resilient even in the face of sharply higher interest rates.
Friday’s report from the Labor Department showed that December’s job gain exceeded the 173,000 that were added in November. The unemployment rate was unchanged at 3.7% — the 23rd straight month that joblessness has remained below 4%.
This, in any nation, grinds my gears. It’s not about “employment” as a volume – it’s about if people can afford to live, are happy, are meaningfully living their lives. Who gives a shit if there’s more minimum wage jobs – all that’s an indicator of is people struggling, not success. Fuck economists and their fake bullshit “science”.