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The US labor market is still hanging tough, according to this week's slate of top-tier data from the
Encouraging! Thanks for the useful summary, Walt!
We are past the inflection point for the economy overall. But to some of your posts, the labor market is still granular. Some sectors are still trying to hire, while some are cutting hard. Leisure and hospitality are safety valves now. When that cushion burns out, if it does, employment growth will print below stall speed for the economy. It looks like many supply chain snafus are working out-labor will as well. Give it more time.