Jawad S. Mian on Global Investment Research
Masters in Business
00:00
The US Labor Market Is in a Secular Tightness
In the past, recessions have basically destroyed demand. The pandemic was different because the disruption happened in labor supply. And on the demand side, we actually created a huge positive demand shock. So you've seen a situation where you still have high job openings and service sector is still looking to hire.
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