How those strong jobs figures could weaken Biden’s re-election prospects
From Dow Jones & Company:
A recent jobs report shows substantial gains in employment and wages, a promising sign for workers and job seekers alike. However, this could lead to concerns about inflation and the risk of a recession. Some experts argue that the wage spike in January is not an inflation warning sign, but there are still doubts about whether the economy is cooling off. Meanwhile, a separate survey reports that the labor market is weakening, with full-time employment dropping and the number of potential workers who have given up looking for a job rising. While the economy is still expected to avoid a recession, the discrepancies in data are causing concerns among economists about the future prospect of job growth.
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