ACTV - Chart Of The Week: The Labor Market Continues To Soften
2024-01-30 21:50:00 ET
Summary
- One of the main drivers in the falling rate of inflation has been the consistently softening labor market.
- Tuesday’s JOLTs report and the quit rate, in particular, confirmed the stance of capital vs. labor in this environment, and capital is clearly gaining the upper hand here.
- Total quits actually fell to levels below the pre-Covid levels, as workers are now losing the optionality they enjoyed during Covid.
One of the main drivers in the falling rate of inflation has been the consistently softening labor market. The Covid stimulus and recovery resulted in a huge employment surge....
Chart Of The Week: The Labor Market Continues To Soften