- Joined
- Nov 2, 2012
- Messages
- 8,198
- Points
- 113
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[COLOR=revert-layer]Economic uncertainty and rising energy prices can’t keep the labor market down. [/COLOR]
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[COLOR=revert-layer]The Labor Department reported Friday that job growth crushed economists’ expectations for the third straight month—employers added 172,000 jobs in May, lapping the expected ~80,000. Unemployment held its ground at 4.3%, and revisions added a combined 93,000 jobs in March and April, with sectors like leisure, hospitality, and local government experiencing outsized gains ahead of the World Cup.[/COLOR]
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[COLOR=revert-layer]Some analysts are concerned about how well-paying these new positions are, as average hourly earnings (+3.4%) are not keeping pace with rising costs (3.8%). [/COLOR]
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[COLOR=revert-layer]All three stock indexes closed sharply lower on Friday, with tech stocks suffering their largest daily decline since April 2025. The chip-heavy selloff was driven in part by fears that the labor market’s heyday will push the Fed to raise rates.
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[COLOR=revert-layer]CHRISTIAN RESPONSE
[COLOR=revert-layer]Regardless of whether the broader economy is struggling or thriving, Christians should seek to give generously of our time, talents, and resources to those in greater need. Reach out to your local church to see where help is needed. [/COLOR][/COLOR][/COLOR]
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[COLOR=revert-layer]CHRISTIAN RESPONSE
[COLOR=revert-layer]Regardless of whether the broader economy is struggling or thriving, Christians should seek to give generously of our time, talents, and resources to those in greater need. Reach out to your local church to see where help is needed. [/COLOR][/COLOR][/COLOR]
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[COLOR=revert-layer][COLOR=revert-layer]“Don’t neglect to do what is good and to share, for God is pleased with such sacrifices.”
Hebrews 13:16 (CSB) (read full passage[COLOR=revert-layer])[/COLOR][/COLOR][/COLOR]
[/td][/COLOR]Hebrews 13:16 (CSB) (read full passage[COLOR=revert-layer])[/COLOR][/COLOR][/COLOR]