Reported 15 days ago
Danielle DiMartino Booth, a veteran economist, highlights troubling signs in the US job market, such as increased duration for job searches and record-high part-time employment. With many workers exhausting their unemployment benefits and a growing gig economy, consumer spending may soon decline, leading to further economic downturn. Booth notes that the labor market weaknesses could soon be reflected in lower GDP growth, despite optimism about a soft landing for the economy.
Source: YAHOO