Labor Market Yellow Flags
Moody's Talks - Inside Economics
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Labor Market Under Pressure
This chapter examines the alarming decline of 791,000 jobs in household employment, drawing parallels to past economic crises such as the COVID-19 pandemic and the 2008 financial crash. It highlights concerns over the reliability of government statistical data amidst funding cuts and declining response rates, pinpointing issues within the Bureau of Labor Statistics. The discussion extends to the impact of economic shifts, including trade wars and their repercussions on employment sectors, alongside significant indicators of potential recessionary trends.
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