In this article, Chief Economist, Daniel Laufenberg, Ph.D., reflects on the current condition of the U.S. labor market and how it has been impacted by the economy, consumer confidence, and other factors.
Key Questions Answered:
- Why is the labor market so strong? Why are consumers not more confident about it?
- What is more important, the unemployment rate or the change in payroll jobs?
- Even though inflation has moderated considerably in recent months, should the Fed be worried about higher wages triggering another surge in inflation?