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The good and the bad of a tight labor market
With high service costs keeping inflation elevated, the exceptionally tight labor market will be a key swing factor for the Fed this year. Demand for workers continues to run at a fever pitch despite much higher borrowing costs for businesses and rising concerns for a recession. Nationwide’s Deputy Chief Economist, Bryan Jordan, and Senior Economist Ben Ayers discuss the path forward for the labor market and its potential impact on the economy. [NFM - 20130AO.71]
The skinny
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