Job numbers continue to rise in Houston, but inflation remains a concern

8/6/2022 9:20:00 AM

Most of the Houston area saw sizeable reductions in unemployment numbers this year, with many of those jobs going to construction, leisure and hospitality, and transportation jobs.

Unemployment Rates Lower, Us Bureau Of Labor Statistics

Most of the Houston area saw sizeable reductions in unemployment numbers this year, with many of those jobs going to construction, leisure and hospitality, and transportation jobs.

Most of the Houston area saw sizeable reductions in unemployment numbers this year, with many of those jobs going to construction, leisure and hospitality, and transportation jobs.

Overall, the unemployment rate in the United States is 3.5%, or 5.7 million Americans."There are more jobs everywhere," said Dr. Christopher Clarke, who is an economics professor at the University of Houston. "We had to go back to 1969 to see this many jobs being created."

But what are unemployment numbers like in the Houston area?The U.S. Bureau of Labor Statistics'most recent information on job numbers in this areadon't cover July of this year, but they do cover June.In June 2021, the unemployment rate in Houston was 7.1%, compared to 4.8% at the end of June 2022.

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That’s what you say however those numbers bro not make sen. numbers do not lie people do!

US employers added 528,000 jobs; unemployment falls to 3.5%The American job market has defied raging inflation, rising interest rates, growing recession fears.

US employers added 528k jobs in July; unemployment falls to 3.5%America's hiring boom continued last month as employers added a surprising 528,000 jobs despite raging inflation and rising anxiety about a recession. His many were part time? How is the workforce participation rate compared to before COVID?

US employers add 528,000 jobs as labor market defies raging inflationAmerica’s hiring boom continued last month as employers added a surprising 528,000 jobs despite raging inflation and rising anxiety about a recession. “Rising anxiety”? Or….hear me out…”rising anxiety DURING a recession”. Please correct the record before ppl think your pushing narratives and not a neutral arbiter. I just saw a post where Walmart is laying off 8-9% of there employees due to losses in revenue. 1) people are needing to go back to work/get another job due to inflation 2) jobs always lag in a recession

Applications for US jobless claims up again last weekMore Americans applied for jobless benefits last week as the number of unemployed continues to rise modestly, though the labor market remains one of the strongest parts of the U.S. economy.

Investors pull $30 billion out of Pimco as inflation fears biteAssets under management at Pimco have shrunk from 1.510 trillion euros at the end of 2021 to 1.386 trillion by the end of June 2022

US employers add 528,000 jobs; unemployment falls to 3.5%Defying anxiety about a possible recession and raging inflation, America’s employers added a surprising 528,000 jobs last month, restoring all the jobs lost in the coronavirus recession as the country’s hiring boom continued.

, which means the country has regained all of the jobs that went away during the COVID-19 pandemic.Share on Pinterest Share on LinkedIn WASHINGTON (AP) — Defying anxiety about a possible recession and raging inflation, America’s employers added a stunning 528,000 jobs last month, restoring all the jobs lost in the coronavirus recession.roaring at a 40-year high ..

Overall, the unemployment rate in the United States is 3.5%, or 5.5%, lowest since the pandemic struck in early 2020.7 million Americans. "There are more jobs everywhere," said Dr. The red-hot jobs numbers from the Labor Department on Friday arrive amid a growing consensus that the U. Christopher Clarke, who is an economics professor at the University of Houston.

"We had to go back to 1969 to see this many jobs being created. economy is losing momentum." But what are unemployment numbers like in the Houston area? The U.S.S. Bureau of Labor Statistics' most recent information on job numbers in this area don't cover July of this year, but they do cover June. In June 2021, the unemployment rate in Houston was 7. But most economists believe the strong jobs market has kept the economy from slipping into a downturn.

1%, compared to 4.8% at the end of June 2022. “Recession – what recession?’’ wrote Brian Coulton, chief economist at Fitch Ratings, after the numbers came out. In fact, Harris, Galveston, Brazoria, Montgomery, and Fort Bend counties all saw sizeable reductions in unemployment numbers, with many of those jobs going to construction, leisure and hospitality, and transportation industries. While reductions in unemployment are good for the economy, Clarke said it's hard to categorize how the economy is doing due to high costs.S. "Inflation is worryingly high.

Some indications show it might be continuing to go high. ‘’ Economists had expected only 250,000 new jobs this month. It might be near the apex," said Clarke. "There's a lot of uncertainty related to inflation. It most certainly be at the forefront of the minds of voters during November’s midterm elections as President Joe Biden’s Democrats seek to maintain control of Congress." Clarke said the passage of the Inflation Reduction Act could ultimately lead to lower prices and, along with the feds raising the interest rate, it could start to slow by the end of the year. The most recent data from the U.” The president has boosted job growth through his $1.

S. Bureau of Labor Statistics shows a 10. Republican lawmakers and some leading economists, however, point to that government spending as the reason for current inflation levels which haven’t been seen in 40 years.2% inflation rate in our area from June 2021 to June 2022. For news updates, follow Chaz Miller on . (CNN, AIRBNB) And for millions of Americans, it is the fading power of paychecks amid soaring inflation that remains front and center.