Powell’s Last Stand | Danielle DiMartino Booth on May Fed Meeting 2024
Forward Guidance
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The Discrepancy in Labor Market Data
This chapter delves into contrasting data points in the labor market, exposing a concerning trend of increased job cuts despite seemingly positive official statistics. It analyzes the discrepancy between nonseasonal layoffs and reported job gains, shedding light on the potential recession indicators based on job shedding momentum. The conversation also explores the significant challenges faced by job seekers and the implications of deep economic contraction highlighted by distressing economic indicators.
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