Feature interview: Entrepreneur Reid Hoffman
First Move with Julia Chatterley
00:00
Ivan Watson, Chief Economist at Zip Recruiter
The U.S. economy added 263,000 jobs in November, much hotter than was expected. The labor market is still being propped up by the continued recovery of industries like leisure and hospitality that are still well below their pre-pandemic strength. Despite this rapid increase in interest rates, that should be reducing employment in construction, in manufacturing, and in a range of industries typically very sensitive to rising interest rates.
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