» REPLAY | Employment Conference Call (Fri.) | Still Full Employment? Labor Market Beginning and in 2024 – 2/2/24 Decision Economics

REPLAY | Employment Conference Call (Fri.) | Still Full Employment? Labor Market Beginning and in 2024 – 2/2/24

Posted February 3, 2024 by rvillareal

Still Full Employment?  Labor Market Beginning and in 2024

  • Beginning of Year Labor Market—Superstrong?  Strong?  Solid?  Weakening?  Weak?
    • Jobs (Nonfarm Payrolls); Persons Working and the Unemployment Rate (Hh. Survey of Individuals)
    • Where Strong?  Where Weak?
    • Wage Inflation (Avg. Hrly. Earnings)—A Measure of Compensation Costs, Potential Cost-Price Spiral, and Company Profits Indicator
  • Labor Market Slackening and a Rebalancing?  Most Desirable Result
  • Labor Market and the Economy
    • Why So Strong a Labor Market?
    • Basic Prospect Implications—Sustainable Expansion?
    • “Parameters” of Full Employment
  • Federal Reserve (FOMC) Meeting Results and Prospects
    • Powell and Committee Comments and Statements
    • Monetary Policy Stance Going Forward
    • Federal Funds Policy Rate Forecast
  • Interest Rates
    • Short-Term, Long-Term and Yield Curve
    • Deficits and Debt; Expected Inflation Inputs on Long End
  • Earnings Prospects and the Equity Market—Still Bullish
    • Economy and S&P 500 Op. EPS
    • Fair Value and Ranges—S&P 500
  • Concluding Perspective—Why Has, and Is, the Labor Market So Strong?