It's pretty clear that the Fed is trying desperately to raise interest rates in order to curb inflation. From the number's we've seen, it's working. They're attempting to raise the interest rates to almost force rough times in order to slow inflation. Typically, this would mean that employment takes a hit and unemployment rises. However, new employment numbers show that employment has stayed strong. Employers added roughly 263,000 jobs in the month of November. This is a slight decrease from the 284,000 jobs added in October. The unemployment rate has stayed at 3.7% for the past few months, which is a good rate even in good times. With employment remaining strong, some believe that this will cause the Fed to increase their efforts to raise interest rates, something that many people do not want. However, the job market may look strong but it's not as strong as it looks. The market cannot stand strong for long with the high interest rates. It's only a matter of time before employment falters. This is all according to the plans of the Fed, who are trying to combat inflation by forcing some hard times.
The increasing interest rates and inevitability of a weakened job market are scary from a consumer perspective. However, from an economic standpoint, I find comfort in knowing that is induced by the Fed. I know enough that I can understand it's necessary to enter good times quicker.
Source: https://www.nytimes.com/2022/12/02/business/economy/jobs-report-november.html
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