Jobs Up Inflation Down Purchasing Power Loses

Jobs Up Inflation Down Purchasing Power Loses

Author: The Daily News Now! June 6, 2026 Duration: 1:24
Charleston West Virginia News Today | 2 Min News | The Daily News Now!
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Jobs surged in May with 172,000 new positions—way above forecasts—and unemployment held steady at 4.3%. Big gains came from leisure, hospitality, local gov, and healthcare. But while the White House celebrates deregulation and tax wins, real folks feel the pinch: inflation outpaces wage growth (3.8% vs. 3.4%), eroding buying power. Plus, GDP growth for Q1 was revised down to just 1.6%. Strong jobs, weak wallet, and shaky growth paint a complicated economic picture.

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