Bad Service!
The US labor market is still hanging tough, according to this week's slate of top-tier data from the world's largest economy, but elsewhere, signs of weakness aren't difficult to spot.
December's jobs report, released on Friday morning, showed another month of robust hiring, accompanied by evidence of cooler price pressures, a "Goldilocks" conjuncture that effectively left it to December's CPI print to determine the size of the next Fed hike.
Market participants had an hour and half to parse p
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.