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Blockbuster job growth continues to power the U.S. economy, with the Bureau of Labor Statistics reporting 303,000 payrolls added in March. Usually, such strong growth might signal that inflation ...
The US job market is still piping hot. That’s raising questions about how fast inflation will continue to cool.
Before the pandemic, congressional forecasters predicted that in 2024, the U.S. job market would be able to absorb between 60,000 and 100,000 new jobs a month without triggering an inflation spike.
The population becomes poorer than it used to be in real terms. This is in contrast to a situation in which wages are rising to meet the rate of inflation and workers' standard of living remains unchanged. [2] During the 2020s, a cost-of-living crisis impacted many countries around the world amid global inflation.
Wage growth (or real wage growth) is a rise of wage adjusted for inflations, often expressed in percentage. [1] In macroeconomics, wage growth is one of the main indications to measure economic growth for a long-term since it reflects the consumer's purchasing power in the economy as well as the level of living standards. [2]
The slide in inflation that gathered pace at the end of 2023 has begun shifting attention at the U.S. Federal Reserve to the health of the job market, with officials increasingly attuned to the ...
Credential inflation refers to the devaluation of educational or academic credentials over time and a corresponding decrease in the expected advantage given a degree holder in the job market. Credential inflation is thus similar to price inflation, and describes the declining value of earned certificates and degrees. Credential inflation in the ...
So on the inflation front, let's just get a little bit further away before we start lowering rates. Because financial markets are so prone to exuberance. The moment we give a hint, they run off to ...