This is the worst the jobs market has looked (outside of a recession) in 50 years, says Goldman Sachs, meaning bullish GDP estimates are too optimistic
GDP estimates which show steady growth in the American economy may prove to be overly optimistic, Goldman Sachs warned, as a vacuum of data during the government shutdown may result in employment figures ultimately dragging down the optimistic outlook. In a note seen by Fortune, Goldman’s chief U.S. economist Jan Hatzius highlighted that GDP estimates
