Here are the facts: In January 2023, the U.S. economy added 1/2 million jobs. The best way to solve a labor shortage is with labor. That’s as true now as it was last year. The unemployment rate is 3.4%, the lowest in over 50 years. The Sahm rule moved down to -0.1 percentage point. We are
Where are all those who thought a recession was going to happen because of the supposed layoffs in the tech sector? This was some jobs report today. The labor market fighting the fed and they're winning.
The Phillips Curve is dying a slow (and not painful for us) death
Missed opportunity for "It's the end of the Philips Curve as we know it (and I feel fine)."
Where are all those who thought a recession was going to happen because of the supposed layoffs in the tech sector? This was some jobs report today. The labor market fighting the fed and they're winning.