Labor market facing headwinds despite Fed policy; Sunbelt lagging.

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The labor market is not secularly tight, robust, or whatever useless terms are thrown around on here.

The headwinds continue to mount against labor. Fed policy impact having a lagged impact time on Sunbelt vs other West Coast states, but continues to be seen in openings. pic.twitter.com/svpB2tUO7i

— Don Johnson (@DonMiami3) April 28, 2024

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