US labor data shows a slowdown in job growth, but given the recent changes to the Department of Labor, who knows if we can trust it. Regardless, labor patterns are definitely looking off…
Demographics are reshaping the labor market. Swaths of Boomers are leaving the workforce, and Gen Z doesn’t have enough people to keep up. Fewer workers means higher inflation. AI might help offset some of the labor shortages, but that will be expensive and time-consuming. Throw in an anti-immigration administration, and you’ve got years of inflationary pressure baked into the US economy.
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