Two weeks ago, Viet Hustler discussed inflation, the possibility of recession or soft-landing, along with the Fed's direction, from the perspective of consumption and pressure from credit crunch in the financial market. On the occasion of the labor reports released last week, Viet Hustler will continue to analyze the state of the economy as well as expectations for the “Fed's soft-landing”, from the market that the Fed is monitoring most closely: the labor market and employment.
Two labor reports released at the same time from ADP's private research division and the Bureau of Labor Statistics last week have significant differences. So which report is more reliable?
Which figure in the labor report can most clearly indicate the state of the economy?
What will the Fed's attitude be towards the labor report? How are the labor market and the Fed's “soft-landing” hope related?
This week's macroeconomics article from Viet Hustler will be dedicated to answering the above questions, and clarifying the importance of the labor market on the direction of inflation and recession in the coming time.
