Just to my point a week or so ago about the jump in Payrolls...

Just to my point a week or so ago about the jump in Payrolls being due to a jump in immigrant Labour:


"The labor market, meanwhile, continues to normalize as strong demand for workers has been offset by a jump in the pool of available workers and immigration.

Strong demand for workers "has been met by a substantial increase in the workforce due both to rising labour force participation and a substantial increase in immigration," Powell said. Despite this strength, "our labour market has been moving into better balance over the past year," he added. "

https://au.investing.com/news/economy/powell-says-recent-inflation-data-point-to-need-to-keep-rates-higher-for-longer-3202832