Animal Spirits Podcast cover image

Business Optimism Crashes (EP.307)

Animal Spirits Podcast

00:00

The Fed's Struggle to Control the Labor Market

The labor force participation rate is continues to rise for people 25 to 54. Full time workers, so this is 25 to 54 full time employment population, is about as high as it's been since 2000. So it's not just people having part time jobs and doing door dash on the side or uber or whatever. This is people with full time jobs. It's like their interest rates are like a blunt tool and the labor market has not cared at all what the Fed has done.

Play episode from 23:02
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app