Posted on

U.S. Hiring Surges With January Gain of 517,000 Jobs


Other recent measures were also offering reasons to believe the economy was coming off its rolling boil. Consumer spending fell at the end of last year, a sign that Americans were finally becoming more cautious in the face of rising prices, dwindling savings and fears of recession. And the housing market appeared to be slowing down, as high mortgage rates were making purchases too expensive for many would-be homeowners, though there has been some recent easing.Inflation F.A.Q.Card 1 of 5What is inflation? Inflation is a loss of purchasing power over time, meaning your dollar will not go as far tomorrow as it did today. It is typically expressed as the annual change in prices for everyday goods and services such as food, furniture, apparel, transportation and toys.What causes inflation? It can be the result of rising consumer demand. But inflation can also rise and fall based on developments that have little to do with economic conditions, such as limited oil production and supply chain problems.Is inflation bad? It depends on the circumstances. Fast price increases spell trouble, but moderate price gains can lead to higher wages and job growth.Can inflation affect the stock market? Rapid inflation typically spells trouble for stocks. Financial assets in general have historically fared badly during inflation booms, while tangible assets like houses have held their value better.January’s hiring figures suggest that officials may have more work to do to reduce the labor market’s momentum and bring the economy more into balance.The report showed that job gains were broad, touching even …

Read More