Reported 1 day ago
Goldman Sachs economists have issued a warning that weakness in the U.S. job market may worsen, indicating a slowdown in hiring momentum that could hinder full employment. Their analysis suggests that payroll growth is below sustainable levels, with potential future revisions leaning negative. Despite a stable unemployment rate, other indicators show declines in labor force participation and job openings. This concerning outlook is important for the Federal Reserve's interest rate strategies and could impact President Trump's economic narrative.
Source: YAHOO