Despite fears of recession and bank failures, US economy manages 4,9% inflation and unemployment stands at 3,4%

Friday, May 12th 2023 - 10:30 UTC

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Inflation in the US has fallen to 4,9%, in the twelve months to April, according to official figures. That was down from 5% in March and marks the tenth month in a row that price rises have slowed. Read full article

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Brasileiro
The problem is that with the suppression of labor rights, the wage bill does not increase, even with more workers in the market.

Inflation has to do with the worldwide devaluation of the dollar, which causes price increases, as the USA abdicated having its own industry to favor neoliberalism (suicide).

Inflation is under control because it has nothing to do with demand or supply. And interest rates rise because the United States is losing liquidity in government bonds. USA is not managing to sell dollars as it used to.
May 12th, 2023 - 11:58 am - Link - Report abuse 0
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