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How Layoff News Is Hiding a Hot Job Market
The Daily
The Job Market Can Be Too Hot, Right?
When there are way more jobs open than there are available workers, companies pay more to hire. As their labor bills go up, they charge more to try and cover those increasing costs. And so, inflation is price increases. This is a big part of the inflation problem. The Federal Reserve is very aware of this and very concentrated on what comes next in the labor market.
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