The jobs report came in much hotter than expected, but there is a silver lining. When there are as many job openings as there are job seekers, that equilibrium results in a net zero gain on inflation and no wage pressure.

Think of it this way: if you were looking for a job and received five offers, you could negotiate higher pay or better benefits.

Consider these two real-life scenarios: if you are competing with 100 other candidates for the same job, good luck negotiating anything.

However, if employers are eager to fill job openings and need to attract more candidates, what better way to do so than by increasing salary or benefits? This can be an inflationary component.

the Unemployment rate dropped from 3.9% to 3.8%. Our gut is thinking the Feds are going to freak out. Maybe not considering the above.