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The job market is strong, economists say — but workers don’t think so - TL;DR CNBC

The job market is strong, economists say — but workers don’t think so

Publishing timestamp: 2023-10-03 18:46:50


Summary

The job market is showing signs of cooling from the highs of the pandemic era, but it remains strong. However, workers' confidence has fallen to its lowest level since 2016. The sentiment is likely due to financial stress among workers and the comparison to the scorching-hot job market of 2021 and 2022. Despite this, various indicators suggest that the labor market is healthy and stable. However, there are concerns about higher interest rates, economic headwinds, and potential cooling of the labor market in the future.


Sentiment: MIXED

Tickers: ZIP

Keywords: breaking news: economyeconomybusiness newsu.s. economypersonal financeziprecruiter incpersonnellabor economyjobs

Source: https://www.cnbc.com/2023/10/03/the-job-market-is-strong-economists-say-but-workers-dont-think-so-.html


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