Full Employment, Failing Banks
Moody's Talks - Inside Economics
00:00
Is the Labor Market Ready for a Rate Increase?
The 311,000 job gain is still too strong. That does signal more rate hikes but you know then I look at the labor supply saw I look at labor supply. And that's actually pretty good. The goalpost has moved since the pandemic started and we need to be at 2% unemployment to get that actually be full or we need the prime e-pop ratio to be 80%. So maybe the goalposts have moved a little bit.
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