US job creation disappointed for the second month in a row even as the labor force participation rate — a better measure of labor market health — fell in May. Contrast this with the 6.4% scorching pace at which GDP rose in the first quarter. Consider as well that job openings reached a series high of 8.1 million at the end of March. Are we talking about two different worlds?
Jobs & Inflation: No Puzzle Here!
Jobs & Inflation: No Puzzle Here!
Jobs & Inflation: No Puzzle Here!
US job creation disappointed for the second month in a row even as the labor force participation rate — a better measure of labor market health — fell in May. Contrast this with the 6.4% scorching pace at which GDP rose in the first quarter. Consider as well that job openings reached a series high of 8.1 million at the end of March. Are we talking about two different worlds?