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U.S. payrolls rise by 228,000 in March, but unemployment rate increases to 4.2%www.cnbc.com/2025/04/04/jobs-report-march-2025-.html
68 sats \ 3 comments \ @Coinsreporter 17h econ
Key Facts
The U.S. added 228,000 nonfarm jobs from February to March on a seasonally adjusted basis, far more than consensus economist estimates of 140,000, according to Dow Jones data.
The unemployment rate was 4.2% last month, slightly higher than forecasts of a 4.1% jobless rate, where it stood in February.
Average hourly wages rose to $36, rising 3.8% year-over-year, compared to projections of 3.9% pay growth.
The government revised its January and February job growth estimates downward by a combined 48,000.
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20 sats \ 2 replies \ @Undisciplined 14h
It wasn't that long ago that $36/hour was a really good wage.
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39 sats \ 1 reply \ @Coinsreporter OP 8h
No job in India pays $36/day except to the president and the governors of the states. I don't understand what's the use of earning so much money if you can't get rich?
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0 sats \ 0 replies \ @Undisciplined 8h
It's basically the price of living in America. When everyone can reasonably expect to earn that sort of money, the labor costs of all goods and services go up dramatically.
Many Americans retire to other countries, because their savings go so much further there.
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