Making Sense of the Labor Market

The video discusses the tightening of the US job market, with unemployment claims at their lowest since the pandemic began. Companies like McDonald's and Amazon are raising wages and hiring, which may prompt the Federal Reserve to reconsider its monetary policy. Labor shortages are also affecting Australia and Europe, with governments offering incentives to fill positions amid COVID-19 travel restrictions.

What is the potential dilemma facing the Fed regarding monetary policy?

What impact have coronavirus travel restrictions had on Europe’s job market?