Might the economy take off?  According to a Wall Street Journal opinion column, solid wage growth and unfilled openings point to much less labor market slack than headline unemployment data.  Jeff Snider reacts live.---------SEE IT-----------Alhambra YouTube: https://bit.ly/2Xp3royEmil YouTube: https://bit.ly/310yisL---------HEAR IT----------Vurbl: https://bit.ly/3rq4dPnApple: https://apple.co/3czMcWNDeezer: https://bit.ly/3ndoVPEiHeart: https://ihr.fm/31jq7cITuneIn: http://tun.in/pjT2ZCastro: https://bit.ly/30DMYzaGoogle: https://bit.ly/3e2Z48MSpotify: https://spoti.fi/3arP8mYPandora: https://pdora.co/2GQL3QgBreaker: https://bit.ly/2CpHAFOCastbox: https://bit.ly/3fJR5xQPodbean: https://bit.ly/2QpaDghStitcher: https://bit.ly/2C1M1GBPlayerFM: https://bit.ly/3piLtjVPodchaser: https://bit.ly/3oFCrwNPocketCast: https://pca.st/encarkdtSoundCloud: https://bit.ly/3l0yFfKListenNotes: https://bit.ly/38xY7pbAmazonMusic: https://amzn.to/2UpEk2PPodcastAddict: https://bit.ly/2V39Xjr----EPISODE #73 TOPICS----00:58 Some data suggests the US labor market is starting to look - well - tight.02:08 Expect to hear about labor shortages and bottlenecks for the rest of the year.02:46 In a bad labor market workers would accept much lower pay. That hasn’t happened.04:34 Another sign of a tightening labor market: employers having trouble staffing up.06:59 Why do some numbers suggest labor slack while other numbers suggest it is tight?09:20 Greg Ip suggests "Only a small share of those labor market dropouts want a job."14:52 The jobs market is not as bad as we think, therefore there is a risk of inflation.--------REFERENCES--------The Job Market Is Tighter Than You Think: https://on.wsj.com/3heuQ7qAlhambra Investments Blog: https://bit.ly/2VIC2wWRealClear Markets Essays: https://bit.ly/38tL5a7 ---------WHO-----------Jeff Snider, Head of Global Investment Research for Alhambra Investments with Emil Kalinowski. Art by David Parkins. Podcast intro/outro is "Sunset Drive" by Future Joust at Epidemic Sound.