Forecast Surprises, Successes and Slip-Ups
Moody's Talks - Inside Economics
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Why Businesses Aren't Laying Off Workers
Job growth has been strong largely because layoffs have remained low. In the case of the consumer, they got cash in a bank. So that feels like that's a pretty easy explanation for why they're able to spend. The explanation for why businesses aren't laying off workers and why job growth is sort of strong? Well, I think the labor force participation was a bit of a surprise. Not so much the fact that we are creating all these jobs, but that they're surprised by a lot of stuff.
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