Measured month to month, though, wages rose 0.3% from February to March, a tick up from a mild 0.2% gain from January to February. In its report Friday, the government also revised down its estimate of job growth in January and February by a combined 17,000. AdvertisementDespite last month’s healthy job growth, the latest economic signs suggest that the economy may be slowing, which would help cool inflation pressures. The latest year-over-year consumer inflation rate — 6% — is well below the 9.1% rate it reached last June. The Labor Department on Thursday said it had adjusted the way it calculates how many Americans are filing for unemployment benefits.

Source: Huffington Post April 08, 2023 02:13 UTC