Might the economy take off? According to a Wall Street Journal opinion column, solid wage growth and unfilled openings point to much less labor market slack than headline unemployment data. Jeff Snider reacts live.
Alhambra YouTube: https://bit.ly/2Xp3roy
Emil YouTube: https://bit.ly/310yisL
----EPISODE #73 TOPICS----
00:58 Some data suggests the US labor market is starting to look - well - tight.
02:08 Expect to hear about labor shortages and bottlenecks for the rest of the year.
02:46 In a bad labor market workers would accept much lower pay. That hasn’t happened.
04:34 Another sign of a tightening labor market: employers having trouble staffing up.
06:59 Why do some numbers suggest labor slack while other numbers suggest it is tight?
09:20 Greg Ip suggests "Only a small share of those labor market dropouts want a job."
14:52 The jobs market is not as bad as we think, therefore there is a risk of inflation.
The Job Market Is Tighter Than You Think: https://on.wsj.com/3heuQ7q
Alhambra Investments Blog: https://bit.ly/2VIC2wW
RealClear Markets Essays: https://bit.ly/38tL5a7
Jeff Snider, Head of Global Investment Research for Alhambra Investments with Emil Kalinowski. Art by David Parkins. Podcast intro/outro is "Sunset Drive" by Future Joust at Epidemic Sound.
If you can never get enough true crime... Congratulations, you’ve found your people.
The Breakfast Club
The World's Most Dangerous Morning Show, The Breakfast Club, With DJ Envy, Angela Yee And Charlamagne Tha God!
This is what the news should sound like. The biggest stories of our time, told by the best journalists in the world. Hosted by Michael Barbaro. Twenty minutes a day, five days a week, ready by 6 a.m.