Still an Astonishing Labor Market: Very Tight or Getting Even Tighter in Some Sectors, Getting Less Tight in Others, Not Loose Anywhere, Despite the Rate Hikes

Powell is going to mention this with some frustration in his voice. The labor market was supposed to loosen as the Fed hiked rates to tamp down on demand just a little to de-fuel the inflation fire, and the labor market did get a little less tight, but it remains stubbornly tight. Today’s report…

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