How the weak jobs report could make inflation harder to manage - CNN

David Goldman and Matt Egan report on the economy for CNN. This is their text conversation about this month’s job report. David Goldman: Hey, Matt! The jobs report on Friday came in…less than good, let’s say. Are we back in this “meh-conomy,” where we have stagnant job growth and uncomfortably high inflation with no easy solution? Those are two difficult jobs to tackle at once, right? “Jobs” was not supposed to be a pun, but let’s go with it. Matt Egan: Hey, Dave! I wish we were doing this under happier circumstances. Because, yes, it feels like we just got an economic plot twist no one wanted. The thinking before Friday: Solid but not spectacular job market. The thinking now: Soft job market AND elevated inflation. Goldman: Right.