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6min chapter
July Jobs: Ugh! Yikes! Eesh! Hmmm….
Moody's Talks - Inside Economics
Economic Indicators and Labor Market Trends
This chapter analyzes recent shifts in economic indicators, focusing on the one-month diffusion index which has dropped below a key threshold, raising recession concerns. The discussion highlights the significance of wage growth, reporting an annualized increase of 3.4% in private industry wages, the lowest since 2020, and its implications for labor market conditions. Through engaging exchanges, they explore the complex relationship between wage growth, inflation, and productivity in the current economic landscape.
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