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UBS On-Air: Paul Donovan Daily Audio 'Immigration and consequences'
Published 1 year, 7 months ago
Description
The US provides the main data releases. JOLTS data on job vacancies is expected to continue to decline. The initial surge in vacancies in 2021 was strongly influenced by labor market churn. As that subsided, vacancy rates fell. Nominal wage growth continues to slow, which argues against a tight labor market.