Job openings in the U.S. dropped to their lowest level in nearly two years in March and layoffs rose sharply, signs that demand for workers is cooling.
The Fed is expected to hike rates another 1/4 point today. As banks begin to fail, the ice gets thinner.
Supply of Labor? That won't be a relevant financial conversation for a while. After were gone. I know demographic birth rates are down globally. That would take 25 + years to have a major impact. It will though. I'll be retired or dead.
Apparently this guy reads my posts on Horn Fans: Is It A Good Thing For Ordinary Americans If The US Loses Reserve Currency Status? | ZeroHedge
Above is best graph I have at moment but I believe you have to go back to the 1970’s to see a lower participation rate.
Chop, this may not be better to you. But the article originally came from somewhere else. I consider it the best website on economics and politics in the world. It's a Good Thing for Ordinary Americans If the US Loses Reserve Currency Status | Ryan McMaken
Crude is up from a low of $68.56 so gas prices will be climbing to back over $3 soon. One-day commodity moves mean very little.
Maintaining a broken, corrupt system that creates crimes against humanity, is good for no one. A new system is coming which is much better!
Yes, Mises Institute teaches hard money! Everyone needs to learn what money actually is. It’s scary how few, even successful people don’t know what money is! Zero hedge is just entertainment. I write better articles than zero hedge!
3-3.5% inflation by Fall doesn’t qualify as stagflation, particularly when wages are increasing and interest rates are above 5%. Sound money!
The reason that interest rates are above 5% is the Fed continues to increase interest rates which fuel the inflation that rages on. (Go to the grocery store if you do not believe inflation is still an issue.)
This article says rising prices at the grocery store are due to 3 things: - higher raw material cost - higher labor wages - higher demand.
mc, Thank you for that post. I always appreciate the viewpoint of National Public Radio and their experts. In this case an expert of inflation with her degree in literature from Princeton. I have found that liberal English majors make the best business analysts.
Remember, "inflation is lowering" can be technically accurate, since inflation is a rate of increase. If it still increases, just slightly slower than before, then technically speaking, it lowered.
If I were to vote for the Democrat whose policies and actions are responsible for the runaway inflation, then I would be ratifying his policies and thus voting for continued inflation. No, thanks - think I'll prefer to vote for a GOP candidate and better policies.
The inflation was caused by Trump's covid relief programs first and worsened by Biden's continuation of that policy.