Just a moment...
cepr.net
  • Job growth exceeded expectations with 178,000 new jobs and a 4.3 percent unemployment rate.
  • Gains were broad but concentrated in health care, with rebounds in construction and restaurants.
  • Wage growth slowed and average hours fell, signaling potential weakness.
  • Unemployment declined across key groups, including Black workers and young people.
  • War and rising energy prices were not fully reflected and could weaken future reports.