CNN's Solomon: Imbalance Between Jobs, People Looking for Work 'Creates a Vicious Cycle' That Makes Fighting Inflation 'Much Harder'

CNN’s Solomon: Imbalance Between Jobs, People Looking for Work ‘Creates a Vicious Cycle’ That Makes Fighting Inflation ‘Much Harder’


On Friday’s broadcast of CNN International’s “First Move,” CNN International Business Correspondent Rahel Solomon said that the imbalance between job openings and people looking for work “creates a vicious cycle, and it makes the job of the Fed trying to fight inflation much harder.” And that wage gains are “being outpaced by inflation.”

Solomon stated, “[A]ny other time you see a jobs report like this and it really just sort of spells a really strong economy, really red hot labor market. But in an environment where inflation is at 9.1%…well, it sort of adds an asterisk to that jobs report. … So, the complicating factor about all of this is the demand for workers and wages. Right now, Julia, there are 1.8 open jobs for

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