Going to California
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The Labor Market Is Still Firm, but It's Deteriorating Under the Surface
Aaron Carroll: The labor market is still firm, but it seems soft enough for a pause next week. He says the unemployment rate and while still low on an absolute basis, it is back to the highest level over the last 18 months. And what everyone's going to look for in early July when we start to when we get that next monthly US employment data report is whether the some recession indicator is triggered," he said.
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