US Economy is suffering from inflation
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| USA Economy & Jobless Claims |
On Friday, the US Labor Department announced that the number of jobless claims fell to 166 thousand from 171 thousand last week, reaching its lowest level in more than 53 years, and is also much less than expected.
We find that these numbers reflect the US job market, which suffers from an acute shortage of workers, a situation that has led to higher wages and contributed to the increase in inflation.
The Federal Reserve will continue to raise interest rates in an attempt to constrain this bullish inflation, and despite the various obstacles facing the economy, the pace of employment has continued to accelerate.
Nonfarm payrolls rose by about 1.7 million in the first quarter of 2022, and the US economy added about 431,000 jobs in March, versus expectations of 490,000 jobs.