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The State Of The U.S. Labor Market

Mark Hamrick gives his views of the current labor market conditions and how the data is very challenging to project because of the uneven economic recovery form the pandemic. Weaker than expected ADP payroll growth causes some concern that the jobless claims numbers falls short of expectations. Over the past year and a half of the pandemic, economists don't have a playbook for a labor market like we are witnessing. Shifts in trends like work from home, changes the dynamic landscape of the job market and cross border competition creates challenges for data projections.

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05 Aug 2021

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