Business owners are reporting that jobs are hard to fill. There is some evidence that jobs don’t pay enough to entice workers to accept them. That evidence is the unprecedented increase in the reservation wage.
Millions remain out of work. Their jobs are gone forever. Yet, the economy is in recovery even without those jobs. The reason? Streamlined productivity.
Last week’s unemployment report led to arguments over labor force shortages. Despite arguments, higher wages won’t fix the job openings glut.
Seasonals are an indicator that few traders follow, relying solely on the calendar to provide signals. And, right now, they’re saying: Pay attention to gold mining.
Investors and savers in Europe have suffered even more than their counterparts in the U.S. Now, European officials are hopeful that high unemployment can hold down inflation.
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