Jobs report is out. Mostly flat. Although creation was down slightly, so was participation. Wage pressure continues in the 4.5% range or so.
I admit, the few times I listen to CNBC (on XM) are on these reports. Steve Liesman was wringing his hands over the over 55 participation rate. Basically, we old people are not coming back, and the question is why? Will this cause continued wage pressure? The demographic continues to age and without participation in this group, employment will be challenged.
My opinion is that many of the over 50 group were treated poorly and not valued. If anything, "Let's hire young people!" Waddya expect?
Hey Steve, why don't you join us. The water is nice.
(He's almost exactly my age.)
The topic of this thread is "inflation," and in my opinion, this report is just more of the same so don't expect the Fed to change their stance based on this.