r/KansasPolitics

▲ 5 r/KansasPolitics+3 crossposts

Jobs report

Overall the numbers are good.

For Kansas, unemployment was same. Participation rate was slightly down meaning people stopped looking for work. About 1,000 private jobs were lost with additional 200 government jobs lost, probably due to research cuts.

Nationally 115,000 additional jobs is an okay number for where we have been. Strong economy is above 120,000 per month. Financial and IT have large losses. Healthcare is leading in job creation. Other low paying sectors increased. Manufacturing is gaining but still negative for last 12 months.

Bottom line for us. Expect interest rates to stay same or increase based on inflation which will get worse.

With debt increasing loan rates will not come down either.

Good news it’s Spring and we are in a strong country.

reddit.com
u/musserforuscongress — 5 days ago