Signals from the U.S. Labor Market and One Way to Ease U.S. Labor Shortages
Former Global Chief Economist for JPMorgan Chase & Ph.D in Economics
With the creation of 528 thousand non-farm payroll jobs in July 2022, a few are still asking whether the U.S. is in a recession. The signal from the latest employment report is a loud resounding no!
It is impossible to find a period in history when job creation was this strong during a recession. Even the softer +179k gain in employment in the Househol…
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