Inflation

[BIGDADDYFROMCINCINNATI]

November 2023 Jobs Report


The November jobs report is out this morning, and things are continuing to trend in the right direction.  

• The Biden admin added 200k new jobs for Americans, and wages continue to outpace inflation; 
  

• Union and overall labor productivity continues to grow to pre-pandemic levels; 
  

• Unemployment fell from 3.9% to 3.7% (Still the lowest in 50 years), and wages grew by .4%. 
• S&P500 is up over 20% YTD 
• NASDAQ is up over 48% YTD
  

Inflation is trending down and wages are trending up, and Americans are seeing major relief at the gas pump.