Getting Jobs Market Back into Balance

Federal Reserve Chairman Jay Powell reiterated his warning that getting inflation under control will require some pain. Powell is likely making these warnings based on the arcane, clunky relationship between inflation and unemployment. The key to getting the market back into balance is a bigger labor force, and the economy is starting to experience a larger labor force as individuals come off the sidelines and rejoin the job market.  Says Jeffrey Roach, PhD, Chief Economist, LPL Financial, "More people will likely re-enter the workforce in the coming months, putting less inflationary pressure on the economy."  Read more.