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The labor market is out of balance

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A surge in payrolls and hours and a decline in the unemployment rate in January show the labor market remains tight.  Based on this report, the Fed's job is not done. Two more 25 bp rate hikes now need to be on the table. ISM Services PMI rebounds into expansion territory, driven by stronger demand.

Ned Davis Research | Economics | U.S. Daily Economic Perspectives | Daily

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