- Richmond Fed president Barkin: We are still waiting for substantial further progress on employment to population ratio - Reuters
Market news
7 May 2021
Richmond Fed president Barkin: We are still waiting for substantial further progress on employment to population ratio - Reuters
- Jobs report is nowhere near what was expected
- Anecdotally, it seems that employers paying more than $15/hour for entry level jobs have less trouble hiring
- Fed is making real progress on inflation mandate
- U.S. economy is likely to return to trend growth level by the end of the year
- Jobs report shows frictional challenge matching available workers to jobs
- Surge in demand put producers behind the curve in hiring
- Inflation will occur this year but businesses are not shifting medium-term pricing plans
- The issue is not on demand side but supply side of workers matched to jobs
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page