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Strong Job Market = More Stagflation Risk

Despite a slowdown in the economy, the job market is stronger than normal.

Data from the Department of Labor’s Job Openings and Labor Turnover Survey shows how unusual the current labor market is.

Workers are quitting jobs at a surprising rate.

It’s clear employees believe their economic situation is strong.

In weak economies, few employees quit because they worry about finding a new job.

That’s not the case right now.

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This post appeared first on Money & Markets, LLC.