LABOUR ECONOMICS (Part 2 of 2)
The 'tourist reviews the worrisome signs from the labour market
In the previous post, we went through the tradeoffs between job openings, unemployment and inflation. We examined how in the post-COVID recovery period, the Beveridge Curve rose above the v/u threshold and contributed to inflation. Then, we finished with how Powell successfully navigated the decline in labour tightness without causing a recession.
Howeve…