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 by Skanda Amarnath ( Neoliberal Sellout )

Luca Fornaro @LucaFornaro3 · Dec 1, 2022

Interesting thread on labor market and inflation

Tweet Nov 30, 2022

by Skanda Amarnath ( Neoliberal Sellout )

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