Reported about 5 hours ago
David Tinsley, a senior economist at Bank of America Institute, discusses the latest labor market data, indicating that while the labor market is 'cooling', it is not experiencing a drastic decline. Key observations include a gradual decrease in small business payments to hiring firms and a slight dip in wage increases for job switchers compared to the peak during the Great Resignation. Moreover, gig economy participation remains stable with 3.8% of customers earning from gig work. Tinsley emphasizes these trends suggest a more stable outlook for the labor market.
Source: YAHOO