Episode 2: The Wage-Inflation Conundrum: Why Hourly Wages Are Growing But Prices Soar

There were 467,000 jobs created in February. Some people thought there will be a lot of job losses because of the Omicron variant. Over 700,000 jobs were upwardly revised. The unemployment rate went up despite all those jobs being added. The hourly wages grew at 5.7% but the inflation went over 7%. We had 6.9% GDP growth reading for Q4.Wage inflation is a more sticky inflation.The economy's spending is at 70%. We've got lots of jobs and a lot of people are getting back to work.Oil prices went up but it came back down to a three-month low. Even wood and lumber prices came back from their highs in May.Fed Chair Jay Powell said that transitory meant anything not permanent. Nothing is going to last forever, but they have the luxury of the Fed balance sheet, which we don't have at home.Stay up-to-date on all the latest news, updates, and exclusive content by following us on all of our social media accounts! https://linktr.ee/kptalksdollarsandsense#KPTalks