Jobs are up. Wages are up. So why is this economist so gloomy? | Opinion
Why so sad, George? (Image by Chuck Savage/Getty Images/The Conversation).By Edouard Wem In any other time, the jobs news that came down on Dec. 2, 2022, would be reason for cheer. The U.S. added 263,000 nonfarm jobs in November, leaving the unemployment rate at a low 3.7%. Moreover, wages are up – with average hourly pay jumping 5.1% compared with a year earlier. So why am I not…
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