It should only be a matter of time before the recent fall in the number of people losing their job is followed by a rise in the number of people finding a job. Less firing and more hiring is obviously a healthy recipe for faster employment growth, which is one reason why we believe the Fed will announce a tapering of QE3 at Wednesday’s FOMC meeting.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.