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In this morning’s edition of The Macro Show, Hedgeye Financials & Macro analyst Josh Steiner explains how the coalescing of several both policy and household dynamics will lead to massive tailwinds for the labor market, and huge jobs reports in the coming months.

"We're at a pretty remarkable inflection point in the labor market. The bottom line is 3-4 million people will lose their jobless benefits over a 6-week period. We expect jobs reports in the coming months to be extremely robust." explains Steiner, as he breaks down the segments of America’s current jobless workers, and what will lead them to come back to work.

"We estimate that 2.7 million people are not in the labor force (and are collecting benefits) due to lack of childcare. On top of the people losing their benefits, we'll have another wave of people once schools open back up."