Carl Weinberg, chief economist at HF Economics, made an interesting point. The performance of this employment report is very strong. The labor force that can be used to fill new jobs is basically insufficient, making it difficult for the remaining idle labor to be put into production and drive further GDP growth. According to this data, the increase in employment demand is approaching the total labor force, which continues to shrink and has limited flexibility, and wage increases may follow. The Federal Reserve should be wary of this.

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