Provide feedback on the week’s economic indicator of employment. What does it te

Question

Provide feedback on the week’s economic indicator of employment. What does it tell us about job growth, consumer pricing, industrial production.housing starts and retail sales. Provide feedback on the week’s economic indicator of employment. What does it tell us about job growth, consumer pricing, industrial production.housing starts and retail sales. Provide feedback on the week’s economic indicator of employment. What does it tell us about job growth, consumer pricing, industrial production.housing starts and retail sales.

Explanation / Answer

In the context of the given question,

Employment is a major determinant of country's economic progress. If there are sufficient jobs and a high employment rate, which means higher cash supply, and a higher purchasing power of the buyers. This in turn impacts with a higher business growth and revenues, and sales volume.

However, a higher purchasing power means a higher cash rotation in the market which means more money is available in the market and this increases the inflation rate. Now since the inflation increases, the consumer pricing index will also rise. Of ourse, the inflation rates must be regulated even thought the industrial productions performs well, it must not impact the consumer goods pricing and make things too expensive.  

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