The FED Put
Employment & new jobs in perspective. Some way to go still to reach previous levels. But the devil is in the details, as the definition & measurement of employment might have changed in the last 3-4 decades. In any case, US employment is some points below from last(2010-2019) decade’s lows. I guess that’s not very bad for the markets. If we assume inflation is contained then the FED-Greenspan put is still alive & valid!