More people without jobs is... good news for the federal reserve? The fed has been watching the labor market to see if they're achieving their #1 goal: fighting inflation and fixing our economy without pushing us into a recession. The jobless claims we got this morning (which tell us how many people are applying for unemployment following first time job loss) were higher than analyst estimates. So, what does that mean? -More people are without jobs -The fed may look at that as a success -The fed may pivot and stop raising interest rates so much -That would make borrowing $$ more affordable which is often better for consumers Comment with your questions about jobs + the fed + the pending recession! #recession #business #money #fintok #finance #personalfinance #thefed #federalreserve #jeromepowell #interestrates #jobs #credit #unemployment #fired #layoffs #economy #interest #invest #investing #inflation #costs #cash #loan #debt #equality #markets #personalfinance