In this edition, we take a closer look at what’s going on in the labor market across a number of leading indicators including job cut announcements across sectors, initial and continuing jobless claims, and WARN notices (advance notice in cases of plant closings and layoffs). This data may be giving us a warning sign that the labor market is on the cusp of slowing down. The bottom line is that the Federal Reserve is striving to achieve a softening in the labor market to help lower inflation. However, if unemployment rises too quickly, it may increase the risk of a hard landing.
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