US Labor Market Shows Signs of Slowing Amid Data Gaps
TL;DR Summary
The US government shutdown has delayed the official jobs report, but private-sector indicators suggest the labor market is slowing down, with sluggish hiring, limited layoffs, and modest wage gains, potentially prompting the Federal Reserve to consider another interest rate cut.
- US Job Growth Is Slowing Even Without Government Data to Show It Bloomberg.com
- There’s no jobs report today. So here’s what we know about the US labor market CNN
- Hiring data suggests an unusual economic dynamic at play Axios
- Report shows hiring at lowest since 2009 as economists turn to alternative data during shutdown blackout CNBC
- Private jobs reports and other data indicate a low-hire, low-fire economy marketplace.org
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