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Labour shortages easing in worst hit sectors

While the headline job openings and quits rates remain close to record levels, below the surface there are clear signs that labour shortages are easing in the hardest-hit sectors. That provides some support for the idea that a recession is not necessary for labour market conditions (and wage growth) to normalise. US Payrolls Drop-In (3rd June, 10:00 ET/15:00 BST): Our US Economics team will be online shortly after the release of the May employment data to discuss the labour market, inflation and the Fed. Register now.

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