Job growth totals 253,000 in April, beating expectations even as the U.S. economy slows

[Johnny2X2X]

6. That's not true

From report:

In April, employment continued to trend up in professional and business services
(+43,000). Over the prior 6 months, the average monthly gain in the industry was
25,000. In April, professional, scientific, and technical services added 45,000
jobs. Employment in temporary help services continued to trend down over the month
(-23,000) and is down by 174,000 since its peak in March 2022.

Employment in health care increased by 40,000 in April, compared with the average
monthly gain of 47,000 over the prior 6 months. Over the month, employment continued
to trend up in ambulatory health care services (+24,000), nursing and residential
care facilities (+9,000), and hospitals (+7,000).

Employment in leisure and hospitality continued to trend up in April (+31,000),
largely in food services and drinking places (+25,000). Leisure and hospitality
had added an average of 73,000 jobs per month over the prior 6 months. Employment
in this industry remains below its pre-pandemic February 2020 level by 402,000,
or 2.4 percent.

In April, social assistance added 25,000 jobs, in line with the average monthly
gain of 21,000 over the prior 6 months. Individual and family services added 21,000
jobs over the month.

Employment in financial activities increased by 23,000 in April, with gains in
insurance carriers and related activities (+15,000) and in real estate (+9,000).
Employment in financial activities changed little in the first 3 months of this
year.

Government employment continued its upward trend in April (+23,000). Government
had added an average of 52,000 jobs per month over the prior 6 months. Overall,
employment in government is below its February 2020 level by 301,000, or 1.3 percent.

Employment in mining, quarrying, and oil and gas extraction rose by 6,000 in April
and has risen by 102,000 since a recent low in February 2021. Nearly all of the
April job gain occurred in support activities for mining.

That's pretty broad growth across the many sectors.

And wages are up too, wages went up at 4 or 5 times the rate of inflation last month.

Something I think Biden needs to start talking about, is that his policies are effectively an unwinding of Trickle Down Economics. He's building an enomy from the ground up and the middle out.