It closely mirrors mine...
Yet the Fed today views the exceptional strength in the labor market as a significant source of inflation — and thus needs to be tamped down with higher interest rates.
But the villain here is not the strength in U.S. hiring. If anything, we view the robust growth in jobs as a way to help increase the output of goods and services — and thus cool inflation pressures.
Thanks Tim!
Every fast food restuarant I know of, is experiencing labor shortages. In spite of wage hikes to as high as $15/hr. But nobody is applying for these jobs since the plandemic. Plenty of jobs available.
The only complaint that I have heard from employers, is that there are so many that can't pass a drug test. So they won't hire them.