Decreasing numbers of job openings and new hires may point to a crumbling labor market. The trend has alarmed some analysts, who say it could lead to significant problems for the U.S. economy.
“The takeaway from the range of labor market data is clear—the job market is cooling in a classic pattern that precedes recession.”
—Andrew Hollenhorst, Citi chief U.S. economist
Do weak job numbers really mean a recession is on the way?
Click on the video link below for exclusive executive insights on this topic from Edmund C. Moy, 38th Director of the U.S. Mint and Senior IRA Strategist for U.S. Money Reserve.
Related headlines from around the web:
- Fox Business: “U.S. job openings fall to lowest level since January 2021”
- MarketWatch: “Decaying jobs market overtakes inflation as U.S. economy’s biggest threat”
- Reuters: “Gold hits all-time high as Fed rate-cut hopes bolster appeal”
Enhance your portfolio with precious metals today.
Widespread market forces like central bank demand, geopolitical tensions, and monetary policy may continue to drive gold prices higher. Gold has also historically been used as a hedge against economic uncertainty and market turbulence. Now may be the perfect time to add wealth protection to your portfolio in the form of physical gold.
Watch U.S. Money Reserve’s “Market Insider” each week for more economic insights. Nothing herein should be considered as portfolio or retirement advice as U.S. Money Reserve (“USMR”) cannot and does not offer financial advice. Clients should consult a financial advisor for specific advice. This commentary is provided by USMR for informational purposes only and is provided on an “as is” basis without any warranty of any kind, whether express or implied. Your use of the information provided in this commentary is entirely at your own risk. In no event will USMR be held liable for any indirect, special, incidental, or consequential damages arising from the use of information contained in this commentary.
