By Tom Ozimek Former President Donald Trump issued a warning about the direction of the U.S. economy after Friday’s job creation numbers came in far below expectations and as more Americans were bumped onto unemployment rolls. The Bureau of Labor Statistics (BLS) reported on May 3 that the U.S. economy added 175,000 new jobs last […]
Tag: Inflation
In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.