Wage Growth Slows Even As Unemployment Falls
View Source | April 7, 2023 3:33 pm
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- “The March employment report shows some steam is coming out of the job market, but it isn’t falling out of bed,” Bankrate Senior Economic Analyst Mark Hamrick said in comments provided to The Daily Wire.
- “More people were working and looking for work, boosting labor force participation. This helps to address the long-running mismatch of supply and demand for labor as job openings decline.”
- The increases in employment were led by the leisure and hospitality sector, which added 72,000 positions; government agencies, which added 47,000 positions; and the professional and business services sector, which added 39,000 positions.
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