Lots Of Jobs, But...
Public
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1 min read
This morning's jobs report for August was a good one even though the unemployment rate rose to 3.7% from 3.5%. It did so because 786,000 workers entered…
Fed Wants To See Fewer Help Wanted Signs
Paid Members
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1 min read
The S&P 500 fell just below its 50-day moving average today partly because the labor market remains hot. July's JOLTS report showed that there were 11.2 million job…
Lots of Jobs, But Inflation Eroding Wage Gains
Paid Members
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1 min read
July's payroll employment in July blew past forecasts, and there were upward revisions to the prior two months, boosting payrolls back up to pre-pandemic levels and a new record high.…
Less Helped Wanted
Paid Members
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1 min read
There are still 1.8 open jobs per available worker. However, June's job openings dropped 605,000 to about 10.7 million, the fewest since September 2021. It was the…
Is the Labor Shortage Depressing the Economy?
Paid Members
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1 min read
Might this be the first economic downturn attributable to a labor shortage? That shortage is weighing on output. It is also driving up wages, but the resulting wage-price spiral is…
