It’s already playing a key role in every one of Powell’s press conferences.
Interesting stuff happening in the labor market, suddenly.
Historic-low layoffs, astronomical job openings, aggressive hiring, massive churn & job hopping: Weirdest labor market ever.
Over the decades, recessions were preceded by spikes in unemployment claims. We keep our eyes on them as the recession watch has begun.
They’re praying for a recession to “force” the Fed to pivot. But it’s tough to have an official recession with employment growing, wages surging.
Weirdest labor market ever gets a little less weird.
It’s kind of sobering. Reality has that effect, after a drunken binge.
And there was nothing in this jobs report to spook the Fed out of tightening.
Enormous churn and job hopping amid aggressive hiring, near record low layoffs, near record high job openings and quits.
He has a rebellion over WFH on his hands, not a demand problem for EVs, and is knuckling them into submission.