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


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…


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