COTD = Chart of the Day
It sure doesn’t look, at least to us, like the U.S. labor market is lacking for demand. Au contraire, just the oppo.
What is the Fed thinking?
“The demand for labor in the US is unprecedented.” – Daily Shot
More than 70 percent of all U.S. nonfarm jobs lost to COVID and still unrecovered are in four sectors, with the bulk of the losses in Professional & Business Services in temporary jobs.
Go deeper, folks.
Global Macro Monitor 