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The structural labor shortage

The structural labor shortage | 23 December 2022

23 December 2022, EUR/USD

The structural labor shortage

EURUSD trading plan:

The number of Americans filing new claims for unemployment benefits increased less than expected last week, pointing to a still-tight labor market, while the economy rebounded faster than previously estimated in the third quarter. Labor market strength, which also was underscored by some shrinking of unemployment rolls in early December after mostly expanding since October, raises the risk that the Federal Reserve could continue raising interest rates to a higher level and keep them there for a while as it tackles inflation. The U.S. central bank is trying to cool demand for everything from housing to labor to bring inflation back to its 2% target.

Investment idea: range 1.0565 - 1.0680.

David Johnson
Analyst of «FreshForex» company
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