The Labor Department reported earlier this month that the American economy added more than 330,000 new jobs in September, far exceeding expectations, the latest in a series of positive reports on employment numbers. Meanwhile, while inflation has come down from its peak, it remains persistently concerning. Experts have cited various factors behind the unemployment and inflation numbers, many of which would be familiar to a traditional student of macroeconomics. The Federal Reserve raised interest rates consistently over the past year, undoubtedly slowing inflation. Meanwhile, a lessening of supply-chain problems and the retreat of the Covid pandemic have fueled the positive employment
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