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Full Employment, Failing Banks
Moody's Talks - Inside Economics
The Employment Diffusion Index Is a Real Sign of Cooling Off in the Labor Market
The employment diffusion index measures, the percentage of industries that are adding jobs. It's at 56%, which is lowest it's been since April 2020. The average work week for leisure and hospitality workers has declined by 1.4%. Silicon Valley lost its market share in February but could return to pre-crisis levels this year.
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