“At this point, the torrent of good news feels like apocalypse delayed,” said Aaron Terrazas, chief economist at Glassdoor. “There’s a lot of anxiety [among business leaders] that this report means interest rates are going to go higher, making borrowing more expensive, which is going to shut down consumption and investment. There is a sense that this is just kicking the can further down the line.
New inflation data being released Tuesday will provide another snapshot of the Fed’s progress and factor into its next move. Inflation, which peaked last summer at 9.1 percent, has fallen for seven straight months, though there are fears that momentum may have stalled. Overall, prices are up 6.4 percent from a year ago.The latest jobs report, released Friday, did include some signs of weaker momentum. The unemployment rate rose, from 3.4 percent to 3.
Leave it to the mainstream media to turn yet another jobs boom under a Democratic President as a bad thing sigh
Reduced immigration and increased deportation have depleted the workforce. We have too many jobs and not enough workers. Perhaps a national program of reduced consumer spending for one month will bring inflation down by increasing inventory and reducing sales.. Its simple PR.
That means ppl can afford the inflation, in short buying power has gone up. Maybe the perceived inflation is not inflation but a correction that is here to stay?!! Isn’t that good for businesses & eventually economy?
What’s happening with you WAPO? You seem to be anti-Democrat success.
Maybe if they were manufacturing jobs and not service jobs, but companies don't want to pay a decent wage to make things anymore.
If people want to bring down inflation, they need to demand government rein in massive corporate profit gouging. This is what accounts for over half of inflation, not rising costs.
I like where this is going.
Lie. It's not inflation it's corporate price gouging.
BTW, the FED’s aggressive interest hikes are causing asset deflation that is causing banks to fail and housing prices to fall rapidly. They need to rethink their approach, although they mainly have one tool in their quiver. inflation BankFailFriday
What is fueling inflation is the war between Ukraine and Russia, and the oil prices following from it, as well as supply chain issues from the Covid pandemic. Also, importantly, inflation reflects price gauging by monopolies. inflation
Guess allowing over 1 million Americans die from covid wasn’t such a great idea, huh Trump & GOP?
Geez. Biden & Dems can’t win with you!
What BS!! Inflation was at record highs as soon as the Marxist Democrats took office. That was before any significant job growth. Their FakeNewsMediaComplex Propoganda outlets is working overtime to rewrite history yet again.
Weekend crap from WaPo.
Completely out of touch, illogical, and exposes WaPo's desire for the financial collapse of America.
Yes, all those part-time jobs are really fueling this record inflation.
It’s doing so great that stockmarketcrash FinancialCrisis MSMEnemyOfThePeople propagandalive
The labor department massively overstated job grown through seasonal adjustment where they assumed nearly all people added from the census were employed. The future numbers will show the real numbers, will be lower, and take care of this problem.
And so?
80% of all the new jobs listed are fast food, convenient store and restaurant wait staff jobs, all paying minimum wage or less (in the case of wait staff). People earning minimum wage are not fueling inflation.
Am i reading this correctly? So we shouldn't have jobs?
Gouging
Businesses have reported record profits for years. Maybe workers have been drastically underpaid and this is a correction in the labor market.
How will employers lower salaries
Lol these “fears” are entirely made up by the big capital and spread by “journalists” who should know better.
Leave it to the WaPo to take good economic news and dump all over it, mainly for clicks.
Or….we could increase immigration
To many on welfare.
We've all tried to warn you for years now. Democrats can own their failure.
I appreciate that the capitalist system essentially can not function if normal people make too much money or are secure in their jobs.
That’s OK. Some GOP led states are bringing back child labor.
I see thousands getting laid off daily and now banks are failing. Look, we're doing all we can.
Massive. Blockbuster. A bank collapsed and unemployment went up but boy is the dem fascist cult strong.
😂😂😂 people having too many jobs is fueling inflation lol. No inflation is causing more people to work
Watch inflation go up again this month, since gas prices are skyrocketing again.(and Joe is old mother hubbard and has no oil left in the cupboard to release) It won't be long before the Federal Reserve goes back to .75 basis points increases at each meeting
Nicely done. Only the Washington Post (well, the NY Times could too I guess) could take a fantastic story about job growth and turn it into a negative story. I’m shocked they didn’t blame Biden in the headline
Biden is a horrible president
Its asinine. Republicans whined that we needed “jobs! Jobs! JOBS!” Yet jobs are here, but now we need to impoverish citizens because they have… jobs?! An economy built on Wall Street futures plus selective poverty that empowers rich people, who don’t pay taxes. 🤬
Idk if people needing to hold multiple jobs to afford food and shelter is the sort of job boom we had in mind.
People needs jobs or multiple jobs to survive in the growing dystopia that is America since corps are literally bleeding the population dry.
Never satisfied
If more people working is a threat to the economy, then unfettered capitalism is a complete failure.
Oh ffs
😂😂😂”Massive” hardly. However the premise is correct and the Fed does intend to stifle the job market sacrificial 2 million jobs or more
The malaise is palpable.
DougJBalloon
y'all have become way too Balloon-ish.
F U
They call it an 'occupation' because they want to keep you occupied. An occupied person does not have the time to ponder or consider all the abominations and other horrors going on around him; by keeping him busy it makes it easier for his 'government' to mercilessly exploit him.
Blockbuster job growth. Here’s why that’s bad for Biden and the Dems.
DougJBalloon Do you write for the wapo too?
What needs to happen is regulation against price gouging, stock buybacks & exorbitant exec pay that would force capital reinvestment to fix the broken supply chain so production would meet demand. Instead corp media & Wall Street will talk us into a recession for easy bailouts.
This is more Bezos horseshit. froomkin
Just stop! Let the economy tell the story. The prices I see in retailers and groceries seem to be going down. The gas price is pretty reasonable considering the war in Ukraine. Things are moving in the right direction.
You can count on prices never going back down, ever.
job market so hot, i got a second one to keep up with inflation waitwhat
More excuses for inflation. I’ll speak in simple economics for you. The more money printed , the lower the value of said money. The inflation we are suffering from is derived solely from our government paying for things they shouldn’t. If you need a list, you’re the problem
We did it Joe!
You’re buttering the masses up I see
So what is the issue?
lol
Wapo be like, 'Unemployment good?'
Economy so hot businesses refuse to borrow and are choosing to layoff workers and close locations
Inflation was man made starting on 1/20/2021. Everything else fell apart bc of it afterwards.
Breaking: Jobs are Bad
But everyone needs two jobs to pay for this administrations out of control inflation.