Tell that to the 30,000 people working for Yellow.
The fact that unemployment remained the same means these are just positions that are being re-filled. Means an equal number of jobs disappeared.
There are also many cases where companies lay off old employees who are costing them a fortune and hire 3-4 low wage employees to take their place. 4 jobs created sounds great, until you dig deeper.
Wages haven't kept up with inflation. Not even close.
Find out how wage issues combined with inflation can hurt both existing businesses and would-be entrepreneurs.
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