Morning Joe economic analyst Steve Rattner discusses why he says the American economy seems to be entering what is …
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Key takeaways
- Job market is clearly weakening with hiring slowing and layoffs rising across multiple sectors.
- Economic shift suggests transition from pandemic recovery to a more restrained growth phase.
- Wage pressures are easing as hiring cools, reducing labor-market tightness.
- Federal policy and interest rates remain central to near-term employment outcomes.
- Workers may face longer job searches and need to adapt skills to changing demand.
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