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Jobs are up! Wages are up! So why am I as an economist so gloomy?

  • Written by Edouard Wemy, Assistant Professor of Economics, Clark University
Jobs are up! Wages are up! So why am I as an economist so gloomy?Why so sad, George?Chuck Savage via Getty Images

In any other time, the jobs news that came down on Dec. 2, 2022, would be reason for cheer.

The U.S. added 263,000 nonfarm jobs in November, leaving the unemployment rate at a low 3.7%. Moreover, wages are up – with average hourly pay jumping 5.1% compared with a year earlier.

So why am I not...

Read more: Jobs are up! Wages are up! So why am I as an economist so gloomy?

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