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What the Job Market Tells Us About the Economy
Economic Take
English - October 01, 2019 09:00 - 5 minutes - 4.78 MB - ★★★★★ - 51 ratingsBusiness News Business News Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Not Your Parents' Oil Shock
Next Episode: Industrial Slowdown Doesn't Mean the Sky Is Falling
With all eyes on the latest jobs report, there’s some concern about why hiring has slowed so much since last year. But now that the US is close to full employment, the economy is beginning to transition from recovery mode to steady state. At this stage in the business cycle, metrics such as layoffs and worker pay provide a more accurate measure of the state of the economy than the pace of new hiring.