Reported about 1 year ago
Economists and Federal Reserve officials are becoming increasingly concerned about potential difficulties ahead for American workers as signs emerge of a weakening labor market. Job openings are decreasing, unemployment is rising, and employees are less willing to switch jobs, indicating a shift from the tight labor conditions seen during the rapid post-pandemic recovery. This trend raises worries about the impact on economic growth and monetary policy, with upcoming reports expected to provide further insights into the labor market's direction.
Source: YAHOO