One of the more fascinating aspects of the past 18 months has been watching the divergent economic narratives between headlines and data.
The Bureau of Labor Statistics reported a record high 10.9 million job openings in July. The three largest sectors comprising this increase were healthcare, finance, and food services.
Yet there also less than 9 million people unemployed. How can there be such a shortage of experienced workers when there are more jobs than jobless?…
▶︎ Read Sept 13 2021 newsletter: here
▶︎ Chart of the Week: here (by Natixis, BEA, BLS)
(Any “forward-looking” information may include, among other things, projections, forecasts, estimates of market returns, and proposed or expected portfolio composition Past performance is no guarantee of future results. Investing involves risk; principal loss is possible.)