Bloomberg Wall Street Week - August 11th, 2023
Wall Street Week
Why So Many People Got It Wrong
It's a different economy than it was 20 years ago. The unemployment rates, just at 3.5% is a structural reason. You look at the number of people hired for healthcare, education, not interest rates sensitive. There's a shortage, leisure, hospitality, hotels, restaurants. Otherwise, you talk about we have a need for more people.
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