"The unemployment rate is uncorrelated with wage growth," he says. "So the argument you have to raise rates because the labor market is so tight is for the birds" The EPOP shows that in every country other than the US, employment to population rate is at least equal to its rate in 2000.
Bloomberg News International Economics & Policy Correspondent Michael McKee and Danny Blanchflower, Professor of Economics at Dartmouth College, discuss Wednesday's CPI data and how it could impact Fed policy. Jeff Jones, CEO of H&R Block, talks about the tax company's earnings and dealing with economic headwinds. Jamie Lumley, Senior Analyst at Third Bridge Group, and Bloomberg Radio's Paul Sweeney break down Disney earnings. Beerud Sheth, Founder and CEO at Gupshup, explains how businesses are leveraging the power of chatbots. And We Drive to the Close with Alan Lancz, Research Director at LanczGlobal.com.
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