Why are labor markets so strong and when will wage gains finally slow?

The reopening of the economy led to another leg higher in labor demand and even as some jobs related to the movement of goods have become redundant, demand from services industries, which tend to be more labor intensive, kept labor tight. Adding to the wage strength, job switchers tended to get the biggest raises. But with much of the reopening behind us and with the Fed aggressively raising rates, Michael Gapen joins us to discuss what's ahead for labor, whether there's room for labor supply to rise from here and whether wages may be more stubborn this cycle.

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