Obscure Labor Market Indicator Signals Imminent Recession
Originally Published 1 day ago — by Business Insider
A closely watched model, the Beveridge curve, suggests the US labor market may be on the verge of deterioration despite steady unemployment figures, with indicators like falling job vacancy rates and the jobs-workers gap signaling potential recession risks. Economists warn that even small shocks could lead to a sharp rise in unemployment, highlighting ongoing fragility in the labor market.
