Bloomberg Surveillance: Jobless Claims Fall
Bloomberg Surveillance
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Analyzing the Current State of the Economy
This chapter discusses the current state of the economy and analyzes various indicators such as average hourly earnings, employment cost index wage and salary component, and productivity. It highlights that while there has been progress, there is still room for improvement before the Fed can declare mission accomplished. The speakers also mention the impact of labor shortages and participation rebound on productivity numbers. They speculate on the potential for businesses to make productivity-enhancing capital investments and consider the role of AI in the future.
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