Labor Market Beginning To Slow, Says Blanchflower

The video discusses the current state of the labor market, focusing on wage numbers and employment rates. It presents differing views on whether the market is slowing or running hot. The discussion highlights the disparity between big cities and other regions, questioning the need for rate hikes by the Fed. The analysis suggests that the labor market is not as strong as some believe, with wage growth not meeting expectations.

What are the wage numbers mentioned in the labor market report?

What evidence is provided to support the claim that the labor market is slowing?

How does the current employment rate compare to that of 2008?

Discuss the implications of a labor market that is described as 'weak' and 'slowing'.

What is the significance of the statement that the labor market is not 'humming'?