Surveillance: Labor Market Sends Mixed Signals
Bloomberg Surveillance
00:00
The Fed's Pause on the Labor Market
The labor market report sort of says is, where's the tightness? You've raised interest rates 500 basis points. We're still delivering 300 base 300,000 over 300,000 jobs. The disconnect here is that you're not really seeing the slowing in the labor market. Where you're seeing the slowing is in the goods producing part of the economy. But services are holding in just fine.
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