Reported 2 months ago
Julia Pollak, chief economist at ZipRecruiter, discusses the challenges facing the labor market, emphasizing that it is 'much weaker' than suggested by Federal Reserve Chair Powell. She points out that aside from healthcare and government, many sectors are struggling, leading companies to hesitate on expansion. Pollak also notes the potential benefits of a rate cut from the Fed, suggesting it could stabilize inflation and halt further unemployment increases.
Source: YAHOO