Pantheon Macroeconomics - Yesterday's data were second-tier in the eyes of the markets, but not, perhaps in the eyes of the Fed. The continued surge in job openings, which reached a 14-year high in December, means that the Beveridge Curve--which links the number of job openings to the unemployment rate--shows no signs at all of returning to normal.

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14 Jan. 2015 - Small Firms Recovery Accelerates, but Labor Costs are Rising

By Ian Shepherdson

Yesterday's data were second-tier in the eyes of the markets, but not, perhaps in the eyes of the Fed. The continued surge in job openings, which reached a 14-year high in December, means that the Beveridge Curve--which links the number of job openings to the unemployment rate--shows no signs at all of returning to normal.

Posted: 14th Jan 2015 in 'U.S. Documents'

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Keywords for: U.S. Documents | 14 Jan. 2015 - Small Firms Recovery Accelerates, but Labor Costs are Rising

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