Why The Labor Market is The Last One To Go

The labor market is typically the last sector to be affected during economic downturns. Currently, many people have a positive outlook on the labor market, but this optimism may not be reliable. Seasonal adjustments in data make it difficult to determine what is real and what is not. Despite a slight increase in the unemployment rate to 3.7%, the labor market remains tight. Additionally, there are ongoing layoffs and announcements. Furthermore, with the passing of individuals, there is a transfer of wealth, and substantial monetary stimulus is expected in the coming years.

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