Strong Job Market Raises Concerns as Inflation Persists and Rates Rise

Inflation is still high, with prices rising faster than desired. This makes a strong job market worrisome.

Paychecks are barely keeping up with inflation. Higher wages could fuel more inflation.

The Fed may raise rates more aggressively due to the strong job market. This could slow growth.

Mortgage rates are at 23-year highs, locking some out of homebuying. Credit card rates are also very high.

A good job market seems bad since it may prolong inflation and rate hikes, hurting consumers.