[BeratnaGas]

Of the 172,000 (adjusted) new jobs in May, 70,000 are attributed to hospitality when 14,000/month is the norm. World Cup temporary jobs. Hourly average earnings rose 12 cents in May while the average price of gas rose $1.17/gallon since the start of the war. One could argue that some of the people participating in the surveys have a vested interest in the numbers looking good.

https://www.bls.gov/news.release/empsit.a.htm

[ericd]

Ok, still over 100k not including those temporary jobs. I’m not arguing that the overall picture is amazing, just that it doesn’t seem like the narrative that AI is causing massive net job loss is true yet.