Top Economist Issues Surprise Take on Weak Jobs Data as Labor Pool Shrinks: 'There Is Demand, But There's Not Enough Supply'
Economists may be looking at the latest labor market data the wrong way, according to Laura Ullrich, director of economics at Indeed Hiring Lab and a former Richmond Fed economist, who says the recent drop in labor force participation reflects a shrinking supply of workers rather than weakening demand for jobs. In an i