Posted 4/10/2024, 6:16:45 PM
Strong Jobs Report Masks Americans' Economic Struggles
- Jobs report shows disconnect between macroeconomics and microeconomics - top line robust, but wages not keeping pace
- Employment growth driven by part-time, foreign-born workers rather than full-time or native born
- Stock market growing but 401k withdrawals, repossessions, home purchase backouts increasing
- Inflation still high, especially in basics like food, energy, and shelter
- Americans taking on more debt and making financial sacrifices to afford necessities
