Saturday, September 16, 2023

What to make of a looming recession amid a strong labor market

Analysis by Zachary B. Wolf, CNNThere are two important storylines about the US economy that often seem completely at odds with each other.Storm clouds ahead. It’s the worst year for US stocks in a half century. Inflation may be driving the US into recession. Growth appears to be stalling.It’s still a good time for workers. There are jobs aplenty. Wages are up. People who don’t like their jobs can easily find new ones.For more on the storm clouds, see this report from Nicole Goodkind at CNN Business about how normally it is a lack of demand from consumers that can lead to a recession.