Expert: Jobs Report a Positive One

Paul Greaney
By Paul Greaney
January 8, 2022NTD Business

The number of jobs added in November and October was revised up.

Workers are getting paid more too. Average hourly earnings increased again last month, up 4.7 percent over the past year. But keep in mind the CPI is up almost 7-percent over a similar period.

The unemployment rate is now just four-tenths of a percent point off February 2020’s reading of 3.5 percent, although there are considerably fewer people in the workforce now.

NTD spoke with economist and author Robert Genetski, about the jobs report.

ntd newsletter icon
Sign up for NTD Daily
What you need to know, summarized in one email.
Stay informed with accurate news you can trust.
By registering for the newsletter, you agree to the Privacy Policy.