Attention Economy


Thursday, September 5, 2024

The Rapid Cooling of the US Labor Market

The Hot Labor Market Has Melted Away. Just Ask New College Grads.
https://www.nytimes.com/2024/09/05/business/economy/jobs-college-graduates-unemployment.html
Unemployment is still low, but job seekers are competing for fewer openings, and hiring is sluggish. That’s a big turnaround from recent years.
 
‘Ghost Jobs’ and Shrinking Consultant Salaries Spell Trouble for Other Workers
 
IT Unemployment Hits 6% Amid Overall U.S. Jobs Growth
AI and general streamlining efforts leave tech workers in a tough labor market
 


Wall Street’s Big Bet on Jumbo Fed Cuts Hangs on US Jobs Report
https://finance.yahoo.com/news/wall-street-big-bet-jumbo-125510443.html
 
Why This Jobs Report Could Be the Most Pivotal One in Years
https://www.nytimes.com/2024/09/05/business/economy/jobs-report-federal-reserve.html
It’s tough to overstate how much hinges on Friday’s employment update, from the path for interest rates to the economic outlook.