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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
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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

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384943 market snapshot dow futures drop 200 points after blowout september jobs report
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Market Snapshot: Dow futures drop 200 points after blowout September jobs report

U.S. stocks fell on Friday while Treasury yields climbed after Labor Department data showed the U.S. economy created more than 300,000 jobs last month, stoking fears that the Federal Reserve could be even more aggressive in fighting inflation. What’s happening The Dow Jones Industrial Average DJIA fell 213 points, or 0.6%, to 32,913. The S&P

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