The Feds really have to do something about the economy.
They are pressuring and fighting inflation, but they seem to be over-flexible on the labor market.
Job openings are at the lowest since the pandemic.
Layoffs are spreading in multiple sectors, from transportation, technology, and even healthcare.
On top of all that, companies are hiring less.
The declining NFP since 2022 pretty much sums it all up.
So, layoffs combined with less hiring is a labor market doomsday formula.
Let's hope the Fed really do something about easing the policy faster.
(Picture by: BullTheory)
