Economy

Friday’s jobs report could be a case where good news isn’t really good

0


A worker takes a panini sandwich off a grill at a restaurant in the Union Market district in Washington, D.C., on Tuesday, Aug. 30, 2022.

Al Drago | Bloomberg | Getty Images

Investors are closely watching the nonfarm payrolls report due out Friday, but not for the usual reasons.

In normal times, strong job gains and rising wages would be considered a good thing. But these days, they’re exactly what the U.S. economy doesn’t need as policymakers try to beat back an inflation problem that just won’t seem to go away.

“Bad news equals good news, good news equals bad news,” Vincent…



Source cnbc.com

0 0 votes
Article Rating

Apartment demand fell during busiest renting season, RealPage report says

Previous article

Mercedes-Benz CEO says EV transition will be helped by luxury drivers

Next article

You may also like

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

More in Economy