Friday, March 10, 2023

It's

 


a generational thing.

It's systemic.

It's build into the system.

It's not going away any time soon.


Job openings declined in January but still far outnumber available workers


"1.9 job openings per every available worker."


"the labor market...continues to pose upside risk for wages and prices,” Citigroup economist Gisela Hoxha wrote.


(Ever notice,

that it's always the guy whose wages aren't keeping up with inflation (and never have BTW)

fault that prices keep going up?

Look at how she phrased that again.)


"Fed Chairman Jerome Powell called the jobs market “extremely tight” and cautioned that a recent spate of data showing resurgent inflation pressures could push interest rate hikes higher than expected."


There not resurrgent they never went away.


The main thing here is:


"1.9 job openings per every available worker."


That doesn't get fixed anytime soon I assure you.



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