JUSA - Yes And No Taper To Labor (And Inflation)

• The economy overall is booming in a way that has the labor market healing far faster than thought not long ago.
• Yet, American workers already sidelined by two huge recessions (we still hadn’t recovered from the prior one) just are not streaming back into the workforce.
• The only way to attempt to reconcile this booming economy with that labor force contradiction is by way of some presumed labor shortage.
• According to the ISM, it sort of looks like manufacturing is doing well, except that these businesses aren’t really hiring as if that were the case; an excellent example of this labor "conundrum."

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