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Stock impact report

America's 'true unemployment' rate may be a lot higher than you think [FOX Business Network]

Papa John's International, Inc. (PZZA) 
Last papa john's international, inc. earnings: 2/26 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.papajohns.com
For months, the labor market has been one of the few bright spots in an economy plagued by high inflation, rising interest rates and a plunging stock market. The Labor Department reported at the beginning of May that the economy saw solid job growth in April – despite growing headwinds – and the unemployment rate held steady at 3.6%, the lowest level since February 2020. Employers, meanwhile, posted a record number of 11.5 million open jobs in March. INFLATION SOARS 8.3% IN APRIL, HOVERING NEAR 40-YEAR HIGH But the job market outlook is more complicated than that, because the headline unemployment figure is artificially depressed by excluding people who might only be earning a few dollars a week, but who want to find full-time work. It also does not encompass any workers who have stopped searching for a job because they are discouraged or caring for a child. A large "Now Hiring" advertisement posted on the windows of the Advance Auto Parts store in Bay Shore, New York on Marc Show less Read more
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