Is there a fresh sign of cracks forming in the U.S. labor market?
"The lastest survey released by New York Federal Reserve shows that, of those who were employed at the time of the last survey in March, 88% still had jobs, the lowest in data that goes back to 2014. Similarly, those who expected to become unemployed rose to 4.4%, a 0.5 percentage point increase from a year ago and the highest in the survey’s history. ."
"Is it another sign of cracks forming in the U.S. labor market? Maybe, a slide in people reporting they are employed and a surge in those looking for work and growing dissatisfaction with pay are not good news for the economy. ."
"The results come with the unemployment rate ticking higher and Wall Street and Fed watching the developments closely for clues where things are headed for the U.S. economy.."
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