There is a confounding disconnect between soft and hard data in the US. Gloomy consumers and businesses created a "vibecession" last year, even though the hard data was strong.
The U.S. job market ended 2022 with better-than-expected job growth, a 50-year low in the unemployment rate, and encouraging wage growth trends for the Fed’s fight against inflation
The U.S. job market may be too strong, despite headlines of tech layoffs and fears of recession. Employment gains exceeded expectations in November, while wage growth was super strong.
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Labor Market Is A Bright Spot But It’s Not All Sunny