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
NegativeFinancial Markets

Goldman Sachs' chief economist Jan Hatzius has raised alarms about the current state of the U.S. job market, describing it as the worst in 50 years outside of a recession. This downturn could significantly impact economic growth, as frontloaded orders and disruptions from artificial intelligence are distorting GDP signals. Understanding this situation is crucial, as it suggests that the optimistic GDP estimates may not be realistic, potentially leading to broader economic challenges.
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