Powell: Both supply and demand for labor have come down 'quite sharply'

I would say if you're looking at why employment is doing what it's doing that's much more about the change in immigration. So the supply of workers has obviously come way down. There's very little growth if any in the supply of workers and at the same time demand for workers has also come down quite sharply.Uh and uh to the point where we see uh what I've called a curious balance. It's you know typically when we say things are in balance that sounds good but in this case the balance is because both supply a ...