Goldman Sachs Warns of Worst Jobs Market in 50 Years, Challenging Optimistic GDP Outlooks
TL;DR Summary
Goldman Sachs warns that despite optimistic GDP estimates, the US job market shows signs of stagnation and contraction, especially among young workers, with potential negative impacts from AI and recent trade policies, suggesting the economy's growth may be weaker than current data indicates.
- This is the worst the jobs market has looked (outside of a recession) in 50 years, says Goldman Sachs, meaning bullish GDP estimates are too optimistic Fortune
- This is the worst the jobs market (outside of a recession) in 50 years, says Goldman Sachs, meaning bullish GDP estimates are too optimistic Yahoo Finance
- What will US inflation data show when it is finally released? Financial Times
- Bank of America resets inflation prediction ahead of CPI TheStreet
- Why The Fed Might Cut Rates After The September CPI Report (NYSEARCA:IVV) Seeking Alpha
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