Job creation has slowed dramatically. US economy added 765K jobs over the last 18 months vs 2M+ in the prior 18 months. That's a 60%+ drop in the pace of employment growth.
This matters for Fed policy, consumer spending power, and recession risk. Slower job growth typically shows up before economic trouble — not after. Worth watching closely alongside wage trends and unemployment claims.
Labor market data tends to lag, but the deceleration is clear. If this continues, it changes the entire macro picture.
This matters for Fed policy, consumer spending power, and recession risk. Slower job growth typically shows up before economic trouble — not after. Worth watching closely alongside wage trends and unemployment claims.
Labor market data tends to lag, but the deceleration is clear. If this continues, it changes the entire macro picture.