Overheated Labor Market? US Capacity Utilization Rises To Near 80% (Fed Too Slow To Remove Stimulus As Supply-Chain Strain Increases)
by confoundedinterest17 The good news is that US industrial production rose 0.9% in March. The bad news? US capacity utilization rose to 78.3% indicating that the labor market is overheating. Notice that prior to Covid, The Fed began rising raising its …