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Aaron Sojourner
aaronsojourner.org
did:plc:mzmtoehujifw6wpzlz3hdpni
2) Labor market trending weaker: most of those signals were stronger a year ago.
Hires rate like 2013 is particularly worrisome, falling since Fed's hikes (figure).
Recent Fed rate cuts will likely push against this & help accelerate hiring but econ/policy uncertainty hurts.
2025-01-10T13:28:12.799Z