Mike's Minute: Job numbers are a serious economic red flag
What I wasn’t expecting in yesterday's unemployment number is that it would go nowhere.
Just think about it, how is that possible? Everyone was forecasting 3.1 or 3 percent, down from 3.2 percent.
Why? Because given what we know about work and the desperate shortage of skills and massive demand for labour, how is it possible we have so many people jobless and yet not able to find a single day's work?
Surely, in hospitality as it reopens, or timber yards that are selling everything they can get their hands on, there is a bit of work about the place the last of the jobless can fill?
But no, the…
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