Are U.S. Labor Market Conditions Easing?

Dr. Anthony Chan, Former Global Chief Economist for JPMorgan Chase and Current Chief Economist for BrightQuery

Yes, they are!  

Employers typically reduce starting salaries and hiring when they notice their business will encounter less demand, as often occurs during a typical recession.   The only exception to this rule occurs when a company faces extreme worker shortages often associated with escalating wages.  However, the argument for a labor force shortage ha…