It is a light week ahead for economic data during the holiday shortened trading week. While recent figures show that the labor market has slowed recently, labor demand has remained strong, which will be highlighted when job openings for July is released. The August release showed that the number of job openings outpaced the number of job seekers, we will see if this trend has continued in July.
The other release I will be focusing on will be the producer price index as supply chain bottlenecks and short supply of materials have pressured input prices in 2021.
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