Jobs Recession Looms: Mixed Economic Signs for 2023

Economist Mark Zandi warns of a potential jobs recession due to rising unemployment and slow job growth, linked to Trumps tariffs. Unemployment rate reached a four-year high of 4.4% in September, with younger workers hit hardest. Layoffs increased to 1.2% in October, indicating a low hire, low fire job market. However, small business optimism improved, with plans to hire more workers in the new year, offering some hope for the job market.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.