» REPLAY | Employment Conference Call | As the Days Grow Shorter—How Goes the Labor Market? – 12/8/23 Decision Economics

REPLAY | Employment Conference Call | As the Days Grow Shorter—How Goes the Labor Market? – 12/8/23

Posted December 8, 2023 by rvillareal

As the Days Grow Shorter—How Goes the Labor Market?

Key to the Economy

  • Labor Market in October—How Much Cooling?
    • Jobs (Nonfarm Payrolls, NFP); Persons Working (Hh. Survey, Demand)—Labor Supply (Labor Force, Persons); Labor Force Participation Rate (LFPR); Employment/Population Ratio
    • Strengths, Weaknesses and the Labor Market Change in Structure
  • Unemployment Rate (RU)—Fully Employed?  A Rethink!
    • 23 months Below 4%—Full Employment?
    • NAIRU?  Inflation Falling, Unemployment Falling—Can it Continue?
    • Technology and Productivity an Explanation?
    • Wage and Compensation Costs—Avg. Hrly. Earns. (AHE)—A Floor on Price Inflation
  • The Economy
    • DE Economy “Basic Prospect” (60% Odds) and Alternatives
    • Jobs, Structural Change, Wages and Comp, Income Then Spending
    • A New Labor Market—Work From Home, New Businesses, the Gig Economy
  • Fed and Interest Rates—Still a “Bear Market?”  Not Recently!
  • Equity Market—Fundamentally-Driven Yearend Rally
    • Fair Value Ranges
    • 2024 Prospect