How Weak is the US Jobs Market?
Broadcast on: September 9, 2021
Duration: 11:14
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The Big Conversation | Aired: 2021-09-09
This week Real Vision’s Roger Hirst uses Refinitiv’s best-in-class data to look at the recent big miss from the Non-Farm Payrolls and compare this to some of the other jobs data which suggests there is a massive shortfall in available workers. But are these bottlenecks obscuring the bigger picture in which the outlook for jobs continues to deteriorate? The participation rate continues to subside, and this has been pulling down bond yields. Did the economy ever recover from the previous shock in 2008?
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Roger Hirst, Independent Macro Analyst, Co-Head of Content, Real Vision Group
