More Questions Than Clarity On Labor Inflation Pressure As FOMC Seeks Justification For Taper/Rate Hikes
The BLS released its labor turnover data, or JOLTS, earlier today. There have been two main issues with it, starting with Job Openings (JO) which is widely cited along with the unemployment rate to represent the widely reported labor shortage theory. More controversial has been Quits, lately dubbed in the media as the Great Resignation for a variety of presumed [...]
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