The US economy is worried about "stagflation"
According to a report on the website of Nikkei, on March 7th, the US Department of Labor announced the February employment report, which showed a decrease of 86,000 jobs in the private sector compared to the previous month, marking the largest decline in about 5 years. With the surge in oil prices caused by military actions in Iran, concerns have grown about the US economy falling into a "stagflation" dilemma of high inflation and economic recession. As the change in chairmanship approaches, the Federal Reserve is facing extremely difficult policy decisions. The total nonfarm employment, including government sectors, decreased by 92,000. Compared to market expectations of an increase of 50,000 to 60,000 jobs, the actual data saw a significant drop of about 150,000 jobs. Looking at the average increase in the past three months, it remains at a low of 6,000. The optimism brought by the unexpected increase in employment numbers in January has quickly evaporated.
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