Labor market is at a 'turning point' says new study--and it hasn't been this difficult to land a job since the height of
the pandemic.
https://share.google/LznODzPj2asK9zQvk
"U.S. labor market data is flashing warning signs, with the Conference Board’s Employment Trends Index falling again in August and temporary hiring shrinking. Economist Mitchell Barnes said the weakness could mark a turning point, though ClearBridge’s Jeff Schulze argued underlying resilience should support a rebound in 2026.
While many economists acknowledge the labor market has held up remarkably well over the past few years, analysts are beginning to fear its luck has run out.
Friday’s labor market data showed the U.S. job market added a measly 22,000 roles last month, managing not to slip into the territory of unemployment on account of immigration and retirement figures rising.
And this week two further datasets raised eyebrows, including a whopping downward revision of 911,000 jobs from the Bureau of Labor Statistics’ nonfarm payroll reporting for the year ended March 2025. That data, released Tuesday, showed a contraction of 0.6% compared to previous estimates.
Further data released Monday supports the notion the American job market may be at a turning point, with early data from jobseekers suggesting it’s getting increasingly more difficult to land a role. In fact, they feel the employment landscape hasn’t been this tough in four years."