U.S. Labor Market Metrics

 | Jun 13, 2018 12:28AM ET

The US job market is running hot, and that statement is true whether you measure it by the official unemployment rate, or by the consumer confidence survey (consumers saying jobs are plentiful), or by the small business survey (small businesses saying jobs are harder to fill) [chart shows monetary policy tightening , so if there is one takeaway from this chart, it would be that maybe we can expect an even more aggressive tightening stance from the Fed in the coming months and quarters. This is not really a shocking insight, it's basically what you usually see at this stage of the cycle. Still, it's the kind of thing that will add impetus to US dollar strength.