The Snow White and the Labor Market

Average hourly earnings for the past, up until last month's numbers rising by about 0.3. And it looked like that had peaked and come down but then we had that 0.5 last month in April. But really haven't seen a killer statistic in the labor market sphere that suggests that the economy is really slowing down. It's just been talking about labor hoarding and jobs numbers continue to rise, including in manufacturing. So if you can get that pressure off labor markets and labor costs growing in line with your inflation target, then you're home free without a big labor market. That would be the Goldilocks solution - isn't it? Indeed.