Episode 4: Chad & Cheese Podcast Does Data!
Length: 33 minutes
Only Taylor Swift is Hotter Than the U.S. Economy -- January's Blowout Jobs Report
Impending recession? Shake it off! In January, the U.S. added 353,000 nonfarm jobs, surpassing economists' expectations and exceeding the average monthly gain of 255,000 in the previous year. Temporary employment also increased by 3,900, marking the first rise since March 2022. However, there are indications of softening in hours worked and pay. The unemployment rate in January remained unchanged at 3.7%, with industries like healthcare and manufacturing contributing to job growth. Average hourly earnings for all employees rose to $34.55. The report also highlighted revisions, with total nonfarm employment for November and December 2023 being 126,000 higher than initially reported. Plus, we talk Super Bowl predictions and the 2024 election.