Pantheon Macroeconomics

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7th Sep 2021 12:19U.S., Economic Monitor

  • The elevated quits rate shows that people are much more willing to switch jobs than usual...
  • ...But wage gains for job-switchers are in line with previous experience; no inflation threat here.
  • Chainstore sales held up surprisingly well in August; the flipside of falling spending on services?

August auto sales businesses core retail sales economic cycle employees fed growth index inflation jobs July labor labor demand May payroll payroll growth redbook redbook survey retail retail sales September supply survey unemployment wage data wage gains wage growth wages

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Keywords for: Job-Switching has Soared, the Wage Premium for Switching has not

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