Wages are the most important number to watch in the jobs report | CNN Business

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. Investors, economists and members of the Federal Reserve will be poring over the September jobs report on Friday morning for clues about the health of the economy. But one figure may matter more than most…and it’s not the number of jobs added or the unemployment rate. It’s wage growth.

With that in mind, Norton said there is a “higher probability of stagflation.” Stagflation is the nasty economic combination of stagnant growth and persistent inflation. Retail sales have held up relatively well despite inflation pressures, but Norton warns that can’t last forever. American shoppers would eventually reach their breaking point and just start buying essentials. A slowdown in consumption will inevitably lead to lower prices…but also slower economic growth.

Sağlık için 🧅🚑

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Businesses quickly bounce back as St. Johns lifts evacuation order - Jacksonville Business JournalAlthough some businesses report damage, the hospitality industry is up and running.
Source: JaxBizJournal - 🏆 599. / 51 Read more »

Tempe near top of Money's 2022 Best Places to Live list - Phoenix Business JournalThe magazine highlighted the growing number of employment opportunities and higher-paying jobs as the key factors lifting the top three U.S. cities on the list, with Tempe being among them.
Source: phxbizjournal - 🏆 254. / 63 Read more »