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Bidenomics at work, bringing the jobs back to the ungrateful American people🫡
The Fed is posturing to raise interest rates directly because this is more jobs than they expected. Can't let those poors get too much, the QOL is not going to increase because of this job boom, the interest rate is.
Mary Daly at the fed
“If we continue to see a cooling labor market and inflation heading back to our target, we can hold interest rates steady and let the effects of policy continue to work,”
They tell you in plain language what they're trying to do with the rate hikes, and if that labor market isn't cooling what do you think is gonna happen? Yall downvote anything that doesn't fit your 'Biden is always right and everything around him is good' perception.
Companies are able to add this many jobs even with higher interest rates because they are still flush with cash from decades of low interest rates, lobbying, income inequality and PPE loans.
Raising interest rates forces companies to spend their own capital to add these jobs instead of using money that the Federal Reserve prints to keep the interest rate low.
Raising interest rates sucks in the short term but it is required in the long term and severely overdue.
We can’t print free money forever just to have low interest rates.
I want to see interest rates at double digits, NOW!
That would be like taking a whole bottle of prescription pills at once to get better now instead of taking them as prescribed.
Tbf, it’d be awfully funny to watch.