20min chapter

Odd Lots cover image

Jan Hatzius on the Narrow Path to Avoid a Hard Landing

Odd Lots

CHAPTER

Navigating Labor Market Dynamics

This chapter examines the evolving labor market, focusing on job openings, quit rates, and the impacts of the pandemic on workforce participation since 2021. It analyzes the relationship between unemployment rates, wage growth, and inflation, addressing the challenges faced by the Federal Reserve in developing effective monetary policy. Additionally, the discussion includes the implications of rental inflation and overall economic pressures that may influence future inflation rates.

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