Labor over inflation has been my mantra since late 2022. Today, the BLS jobs report showed that the labor market is getting softer, but it’s not breaking. This gives us a glimpse of what may happen ...
December's jobs report showed unexpected strength, with nonfarm payrolls growing by 256,000 and the unemployment rate dropping to 4.1%. Leading indicators like JOLTS and weekly jobless claims hinted ...
The labor market is in balance at full employment, but the demand for workers is decreasing, and the supply for workers is decreasing—both negative for the economy. The Fed expected a significant ...