88: Entering a "New Era" of Higher Prices, Interest Rates, and Employment w/Joe Brusuelas

On The Market · Mar 20, 2023 · 30m

Unemployment was supposed to be much higher by now. With the Federal Reserve increasing its rate hikes over 2022 and into 2023, the labor market should have cracked already. But it hasn’t, and many mainstream investors have struggled to determine why. With a higher cost of capital, businesses should be more selective with who they’re hiring and keeping, but instead, we’re seeing the labor market have much more power than they’ve had in the past. So, did we successfully dodge an employment crisis, or is a rude awakening coming our way?

Joe Brusuelas, principal and chief economist for RSM US…