Jobs are up.
Tom Vacar, 6-2-2023, has covered every major disaster including earthquakes, wildfires, floods, levee breaks and droughts and has had a big hand in covering business, economics, consumer affairs, aerospace, space, the military, high technology, ports, logistics, airlines and general news. Tom worked at KGO TV and KGO Radio from 1979-1985. He moved to KCBS-TV and KNX News Radio in 1985 before moving to KTTV in 1988. Tom is originally from Salem, Ohio (a small industrial town of 11,000 people between Cleveland and Pittsburgh). He got his undergraduate degree in Political Science and Government at Case Western Reserve University in Cleveland Ohio in 1972 as a designated Undergraduate Scholar. Tom got his Law Degree from Cleveland-Marshall College of Law in 1978. In his 31 years at KTVU, he calculates that he has covered 8,000 stories. For 18 years, KTVU was home to Tom’s syndicated Great American Toy Test (nominated for a national Emmy). He has covered many major disasters including the Caldor Fire in Lake Tahoe, the L.A. quake in 1994, the Napa Quake, the Great Recession, the Pandemic and the long drought. Tom loves the diversity of the region’s people, cultures and ethnicities. That, he says, is what truly makes the Bay Area’s natural beauty even more beautiful. Tom shoots still pictures, mostly of wildlife while traveling with his wife Sharon, a former SF Opera soprano who also worked as a producer for 17 years. He has also traveled to England, Italy, Japan, Honduras, Bahrain, British Virgin Islands, The Grenadines, St. Martin. Puerto Rico, New Zealand, Society Islands, Panama, etc. "The jobs' boom continues unabated," KTVU FOX 2, https://www.ktvu.com/news/the-jobs-boom-continues-unabated ---ML
OAKLAND, Calif. - May's job gains of 339,000 were surprising, unexpected and across all sectors of the economy. They are so high, they might be considered inflationary.
Resolution of the debt ceiling was so important, enormous job growth did not phase the stock market which finished way up on Friday.
Why the numbers are so high and, for now, still rising? Whatever rules that once said economic downturns are soon followed by mass layoffs no longer seem to apply.
Since the federal government started raising rates to cool the economy, 5.1 million new jobs have been created. So far in 2023 alone, since New Year's Day through May, the nation's gains are almost 1.5 plus million new jobs.