#labor-market-weakness

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Business
fromFortune
12 hours ago

This is the worst the jobs market has looked (outside of a recession) in 50 years, says Goldman Sachs, meaning bullish GDP estimates are overly optimistic | Fortune

U.S. GDP growth for Q2–Q3 may be overstated because government shutdown data gaps, weakening employment indicators, and temporary tariff stockpiling distort measured growth.
Business
fromFuturism
1 month ago

The AI Bubble Bursting Would Actually Be Incredible for the Economy, Economist Says

AI-driven gains concentrated in a handful of tech firms inflate markets while broader economic indicators show worsening conditions and rising household distress.
Business
fromFortune
1 month ago

Wall Street is locked in for a Fed rate cut next week: The only question is how far and how fast Powell will go

Markets expect the Federal Reserve to cut interest rates by 0.25% next week, with a minority speculating a 0.5% "jumbo" cut after weak labor data.
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