The Economy on a Knife's Edge
GDP is growing, but employers have all but stopped hiring as they watch how the trade war plays out.
Economic growth seems to be holding up OK. But the labor market is another story. You could even say that we’re in a jobs recession, with hiring down sharply and nearing the point of net job losses.
- The rate of monthly job creation in the summer of 2024 averaged 89,000.
Author's summary: Economy growth faces challenges.
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