
#13 - The Rasputin Effect - Guest: Michael Cembalest, J.P. Morgan
Macro Mondays
00:00
The Service Sector as a Leading Indicator of Labor Market Decline
The chapter discusses the speaker's belief that the service sector will lead in the easing of the job market, which they believe will result in a recession in Q1. They mention that this perspective is not the consensus among others. They also briefly discuss the possibility of alternative methods being necessary to find employment in a soft labor market.
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