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US Labor Market: Major Inflection Point Ahead
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This week's Economic Perspective takes a look at the US labor market.
The US labor market is approaching a major inflection point, with the unprecedented boom in payroll growth finally nearing an end. Net new job creation will soon transition to a sustained slowdown phase. The crucial questions for equity and fixed-income investors are the actual pace of the slowdown in hiring; the impact of the slowdown on wages; and the policy response of the Federal Reserve’s to the slowdown. The labor market will steadily weaken over the next six months but a major contraction is unlikely... READ MORE
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April 25, 2023
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