Labor market shifts reflect the Fed's efforts on the lives of American people

Last week, US labor market data brought positive signs for the Fed's persistent battle against inflation. Specifically, the labor market has eased as business hiring slowed, labor force participation increased, signaling reduced wage pressure.

In particular, as previous report by Viet Hustler, the number of jobs in the US in the first 2 months of 2023 has been revised downward. Thus, the actual layoff storm is more severe than we thought, signaling that a recession is imminent. 

In this week's macroeconomics article, Viet Hustler will review the key information in the US jobs report. In particular, Viet Hustler will focus on analyzing 2 main points:

• Market expectations for the Fed's interest rate policy, as well as opinions from economists.

• The impact of labor market shifts on people's lives. 

Labor market developments