The US economy is running hot

For the first time in recent history there are now more job openings than job seekers which, even after adjusting for declining labour force participation rates, shows just how tight the US job market has become and is consistent with anecdotal evidence from companies reporting difficulty filling jobs and rising labour costs.

We’ve covered these themes before in previous commentaries (refer to – ‘Ghosting in the US Jobs Market’ and ‘Wages, Wages, Wages’ for details).

Ardea Investment Management