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Christopher Decker, Professor of Economics, University of Nebraska Omaha

Jobs report hints that Fed policy is paying off – and that a 'growth recession' awaits

Jobs Report Recession Inflation Economy US Federal Reserve
Inching toward a recession .. but what kind? Eskay Lim/EyeEm via Getty Images

The latest jobs report is in, and the good news is Federal Reserve policy on inflation appears to be working. The bad news is Fed policy on inflation appears to be working.

The March 2023 jobs report reveals that the U.S. economy added 236,000 jobs during the month – roughly in line with expectations. A trend does appear to be emerging as the U.S. central bank’s efforts to slow the economy down and tame inflation appear to finally be working on the labor market, with some companies feeling the effect of increased business costs.

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