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US: 315K Jobs Added in Aug.; Unemployment Up 3.7%

  • #Economic conditions & trends
  • #Unemployment
  • #Labor
  • #Finance
story
SEP 2022
Image copyright: AP [via The Independent]
story last updated SEP 2022

The Spin

Left narrative

Things are looking up for employment in the current job market. The demand for labor, especially in combination with historic levels of inflation, has fostered an environment ripe for activity, including union pursuits, with the National Labor Relations Board reporting an uptick in petitions for union elections of 56%. This complex market is a historic opportunity.

Washington Post

Right narrative

This market is a disaster for workers and businesses alike. Although Biden and the Democrats are trying to sell the current statistics as a success story, the reality is that unemployment is still on the rise and inflation remains out of control. Now, Powell's words have even raised fears of the threat of recession - Biden's approval ratings are low for a reason.

Daily Mail

Metaculus Prediction


Political split

LEFT

RIGHT

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US hiring slows sharply in August, joblessness rises
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