Solid Payrolls Print Belies Labor-Market Softening
Bloomberg Businessweek
00:00
The Truth Is Softer Than the Blockbuster Top Line Numbers Suggest
Many labor market indicators have come all the way back to their pre-pandemic levels. That's not really consistent with more than 10 million job openings and continued blockbuster job gains like this. If we manage to avoid a steeper downturn in tech and manufacturing and the cascading downturn, that's probably where we're headed.
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