5 things the jobs report tells us about the 2023 economy ...Middle East

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5 things the jobs report tells us about the 2023 economy
Friday’s jobs report showed a slowing pace of wage growth even as employment levels climbed back up to a 50-year high – a sign that the Fed is breaking the back of inflation and that consumer prices will continue their five-month downward slide. Next week’s consumer price index (CPI) will give a clearer picture of where the economy is heading in 2023, but Friday’s job numbers indicate that the Fed’s goal of a “soft landing” – lower prices without a major recession – may be within reach. While most economists are still predicting a recession in 2023, many sounded positive notes on Friday. Expectations set last year that only a serious economic downturn with mass unemployment would be

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