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Strong Job Growth in March, Some Evidence of Slowing Wage Growth
The March report showed the labor market continues to improve, with modest evidence that the labor shortages in some areas are being alleviated.
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Data Bytes
Preview: Expect Strong Job Gains to Lower Unemployment in March
The labor force participation rate is getting close to pre-pandemic levels for nearly all demographic groups.
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Supply Chain Problems Continue as Inflation Jumps In February
The war, and the resulting rise in energy and other commodity prices, are creating huge uncertainty going forward. Disruptions also will complicate supply chain problems.
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PREVIEW: What to Look for in the February Consumer Price Index
In February, there is reason to expect some moderation in the pattern of high monthly inflation rates.
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Jobs and Hours Jump in February as Unemployment Falls to 3.8 Percent
Private sector hours are back to pre-pandemic levels.
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Preview: Jobs and Hours Likely to Be Strong in February
The path of wage growth will be important for views of inflation. We will not see inflation fall back to more normal levels if the rapid nominal wage growth of 2021 is sustained throughout the current year and beyond.
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Supply Chain Problems Still Pushing Prices Higher in January, but Some Evidence of Turning
There is definitely cause for concern here about inflation being more enduring, but these price turns, coupled with the sharp growth in inventories, provide some grounds for optimism.
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PREVIEW: What to Look for in the January Consumer Price Index
The big question is whether some of the supply chain-caused price hikes of 2021 are slowing or being reversed. The biggest item on this list is new and used vehicles.
Data Bytes
Strong Job Growth in January as Omicron Leads to Cuts in Hours, Not Jobs
Employers responded to omicron by cutting hours rather than workers.
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Preview: What to Look for in the January Jobs Report
The January jobs report is likely to look weaker than recent reports, first and foremost because of the spread of the omicron variant.
