About this work
Slower US job creation in October 2019 did not necessarily signal an approaching recession. Jonathan Fortun and Robin Brooks placed the deceleration within a longer trend of tightening labor conditions. Their interpretation was that a maturing labor market could generate fewer additional jobs without implying a deterioration in the broader economic cycle.
Abstract
Slower US job creation in October 2019 did not necessarily signal an approaching recession. Jonathan Fortun and Robin Brooks placed the deceleration within a longer trend of tightening labor conditions. Their interpretation was that a maturing labor market could generate fewer additional jobs without implying a deterioration in the broader economic cycle.
Cite this work
Jonathan Fortun, Robin Brooks (2019). Global Macro Views: No Recession Signal from the US Labor Market. Institute of International Finance.