RBC Chief Economist Sees Full Employment by Mid-2021

The transcript discusses the economic outlook for December and January, highlighting potential declines due to state shutdowns. It covers job market recovery, labor tightness, and the transformation of the labor force due to technological changes. The discussion includes job openings, economic recovery, and the Federal Reserve's policy on interest rates. The service sector's inflation and economic projections are also analyzed.

What factors are contributing to the potential decline in the December report?

How does the speaker perceive the job market in 2021?

What are the implications of labor tightness mentioned in the text?

How does the speaker view the relationship between job openings and hiring difficulties?

What does the speaker suggest about the Fed's potential actions in 2022?

What concerns does the speaker express about the Fed's guidance framework?

What challenges does the speaker identify regarding the service sector's recovery?