US: Think The Trump Bump Is Over? Think Again.....

Economist

Richard Iley

Macroeconomics

<div class="content-highlight"><p><strong>The Bureau of Labour Statistics (BLS) data on job openings and labour market turnover a.k.a. JOLTS provides yet more evidence of a robust US economy that is in the midst of a strong, above-trend mid-cycle upswing, bringing an increasingly tight labour market in its train. The only missing piece of the jigsaw is still subdued wage inflation that will eventually follow. </strong></p></div><p>Bears on the US economy are having a tough time of it lately. As we have highlighted in several recent reports, GDP growth looks…</p>

The Bureau of Labour Statistics (BLS) data on job openings and labour market turnover a.k.a. JOLTS provides yet more evidence of a robust US economy that is in the midst of a strong, above-trend mid-cycle upswing, bringing an increasingly tight labour market in its train. The only missing piece of the jigsaw is still subdued wage inflation that will eventually follow. Bears on the US economy are having a tough time of it lately. As we have highlighted in several recent reports, GDP growth looks…

US: Labour Market JOLTS The Bears