Labor market facing headwinds despite Fed policy; Sunbelt lagging.
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