Here are 3 ways the labor market is showing concerning deterioration underneath strong headline numbers — meaning a recession and stock-market sell-off could sneak up on investors
by William Edwards 11:01, 04 feb 2024 · Business Insider NederlandPremium content ophalen
- The job market showed continued strength in January, adding 353,000 jobs.
- But some labor market indicators still show deterioration.
- If a recession materializes, it would be a surprise to investors, who are largely pricing in a soft landing.
The labor market smashed expectations in January, adding 353,000 new jobs, far above economist forecasts of 187,000. The unemployment rate also stayed at a historically low 3.7%.
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