April 13, 2024
‘People are making a big deal about the increase in wage growth’: Economists cast a skeptical eye over ‘strong’ jobs report

‘People are making a big deal about the increase in wage growth’: Economists cast a skeptical eye over ‘strong’ jobs report

Some economists are drawing the battle lines between the Federal Reserve’s rate hikes and future U.S. economic growth.

The U.S. created 253,000 new jobs in April, surpassing the 180,000 forecast by economists polled by the Wall Street Journal. Meanwhile, the unemployment rate fell to 3.4% from 3.5%, the government said Friday.

“While there…

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