US Economy: Hidden Weaknesses in Job Market

Despite promising GDP growth and low unemployment, experts warn of underlying weaknesses in the US economy. Sectors like commercial real estate, restaurants, and government employment are showing signs of trouble, with potential layoffs and budget cuts. A slowdown in hiring and increase in layoffs pose a significant downside risk, as a deeper job market slowdown could trigger a downward spiral, threatening the broader economy.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.