The job market is booming. There is now a job opening for almost every unemployed American. Regulatory reform and a massive corporate tax cut have no doubt helped bigly 😉.
This is the best job market in two decades, and the highest number of job openings to the number of unemployed since the Labor Department started keeping track on a regular basis. Based on the historical relationship, it shouldn’t be long before wage growth starts accelerating.
Jeremy Jones, CFA
Latest posts by Jeremy Jones, CFA (see all)
- America Records Fastest Home Price Inflation Since 2006 - May 24, 2018
- If You Had to Choose, Cell Phone or Car? - May 23, 2018
- Old Industries Reinvented with Ad-Tech - May 22, 2018