The Blockchain Built for Good
Bloomberg Businessweek
00:00
Is the Labor Market a Lagging Economic Indicator?
It's an earnings recession already, why aren't companies letting go of more workers that ultimately would show up in the labor numbers? I think because of how challenging it was to fill those vacancies, they might be a little hesitant to let them out. We're expecting to see some more bear market rallies, some choppy trading, probably until the Fed actually does begin to pivot - which isn't likely going to be until third quarter of 2023.
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