US Economy adds 263k jobs amid inflation

Us economy adds 263k jobs amid inflation

ABC News published this video item, entitled “US Economy adds 263k jobs amid inflation” – below is their description.

With gas prices falling, incomes and jobs numbers going up and consumer spending strong, what does it mean for the economy?

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About This Source - ABC News

American Broadcasting Company is an American commercial broadcast radio and television network owned by the Disney Media Networks division of The Walt Disney Company.

ABC News is primarily broadcast from the Times Square Studios in New York City.

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In This Story: 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.

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