The Fed says that the labor market needs to cool in order to bring inflation down. A key part of the case for maintaining the current pace of rate hikes is built on high measures of wage growth. Jay Powell cited [https:...
As Congress considers a year-end spending bill, it faces a decision that will have a meaningful effect on inflation: whether or not to extend across-the-board Medicare reimbursement rates.
Overall the labor market data from November show a mixed picture, with the establishment survey showing resilience even as the household survey signaling a slowdown.
A Labor Supply Shock? Much ado has been made about the shortfall in the headline employment-to-population ratio and the headline labor force participation rate of late. Many have...
This is the second piece of our vacancies series. In this piece, we refute specific vacancy-backed arguments that the Federal Reserve will need to engineer a recession in order to bring inflation under control.
