Sometimes charts can speak louder than words.
Job openings and labor turnover summary:
From Calculated Risk:
Job Openings rise to their highest level since last July
Job Openings near record highs. Why you want to see the Fed hike rates again in 2016… https://pensionpartners.com/the-easy-money-game-has-changed/ …
#JOLTS data point to continued US labor market improvem. Should ease any concern about sharp slowdown in job growth
If there is one thing I hope people can take away from my financial posts.
Prime Age Labor Force Growth Matters!
We peaked in 2007 and we are slowly growing this data line again.
A must read from Calculated Risk:
Demographics and GDP: 2% is the new 4%
#NFIB: US small companies have more unfilled job openings than any time since 2006.
Labor force growth matters! A big mistake by the Great American Recession II crowd from 2009-2016 was that they mistook a soft demographic patch to be something very sinister and created by the Fed Frankenstein. When in reality, we had a weak prime age labor force growth cycle that started in 2007, right when the Great Recession hit.
Hence why some of us like the mock their economic calls from 2009-2016.
The U.S. Economy Is About To Crash!!!!
Does this move the Fed to hike soon? I still believe that we need to see more inflation for the Fed to hike, something I recently discussed here.
Fed Rate Hikes Need More Inflation
However, slow and steady has been the right call on most things economic related in this cycle.
Logan Mohtashami is a senior loan officer at AMC Lending Group, which has been providing mortgage services for California residents since 1987.
I think that the jobs created don’t pay as well so that there could be a misread by the Fed about all this.
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