The unemployment rate is near a 50-year low and the U.S. added 225,000 jobs a month last year. That’s one of the big reasons money managers say they’re confident about the stock market in 2024.
But when you dig into the data, there are four serious problems that show the U.S. labor market isn’t nearly as strong as it seems. I take a look at what weaknesses in the labor force, data revisions, hours and wages and unemployment claims could mean for the U.S. job market.
0:00 Strong job market?
0:38 Weakness in the labor force
2:00 Revisions to the jobs report
2:58 Hours and wages
3:37 Time on unemployment
4:16 What does this mean for the economy?
I’m Dion Rabouin, a WSJ reporter covering markets and the economy. I’ll be diving into all things finance, from the popular and well-known - like crypto and stocks - to the complex and intricate - like leveraged loans, derivatives and private equity. Subscribe to join me as I take a deep dive into what’s making money move and why it matters.
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