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Record number of workers quitting

Summary:
The qualified/competent are leaving to get a better job/pay and the entry level people are all on drugs and booze so they can't get hired...This is potentially a VERY "inflationary!" condition if the government starts throwing munnie around at the construction industry...  everybody is going to start bidding up qualified/competent labor...Situation contained for now but fiscal and monetary have been far from ideal for the last 18 months... Election year might prove different...Record number of workers quitting shows labor market still strong even as job openings drop and hiring slows https://t.co/54b8Vcjo8i pic.twitter.com/pqaalxFZys— Blimling&Associates (@Blimling) September 12, 2019

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The qualified/competent are leaving to get a better job/pay and the entry level people are all on drugs and booze so they can't get hired...

This is potentially a VERY "inflationary!" condition if the government starts throwing munnie around at the construction industry...  everybody is going to start bidding up qualified/competent labor...

Situation contained for now but fiscal and monetary have been far from ideal for the last 18 months... Election year might prove different...


Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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