Labor Market Anomalies and Red-Hot Housing Market Aug 10, 2021 View in your browser Labor Market Anomalies and Soaring Home Prices By Blu Putnam, Chief Economist Erik Norland, Senior Economist CME Group Contradictions in the Labor Market About 30%, or seven million, of jobs lost to pandemic yet to be recovered. Some sectors unable to find workers in an anomaly of the economic recovery. More incentives and better compensation might be needed for rehiring. Number of workers voluntarily leaving workforce has been elevated. Watch video Red-Hot Housing Market, Prices Surge Median home prices surged 26% in June from a year ago. High savings, low mortgage rates fueling rise in house prices. Could consumers turn to buying homes as an inflation hedge? Fed could ease asset purchases amid rising home prices, inflation Watch video SEE MORE ANNOUNCEMENTS
