Tweet by Skanda Amarnath ( Neoliberal Sellout ): Quits rate among the best out-of-sample predictors of wage pressure; think of wage increases as a hedge against labor turnover. Quits rate keeps falling from Dec-2021 peak of 3%, now down to 2.6%, just 0.2% above pre-pandemic peak. Labor mkt most
- Tweet
- Nov 30, 2022
- #Inflation #Laboureconomics
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Quits rate among the best out-of-sample predictors of wage pressure; think of wage increases as a hedge against labor turnover.
Quits rate keeps falling from Dec-2021 peak of 3%, now down to 2.6%, just 0.2% above pre-pandemic peak.
Labor mkt mostly cooling on its own...
Quits rate keeps falling from Dec-2021 peak of 3%, now down to 2.6%, just 0.2% above pre-pandemic peak.
Labor mkt mostly cooling on its own...
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Interesting thread on labor market and inflation