Goldman Sachs Labor Market Warning

The U.S. job market is showing its weakest signs since the Great Recession. Retail hiring for the holidays is at its lowest since 2009, and economists say the labor market is the worst in 50 years outside an official recession. Job seekers now far outnumber openings, while Goldman Sachs’ tracker shows conditions have eased back to 2016 levels.

Experts warn that despite strong GDP figures, a hidden recession may already be underway — masked by government data. They blame “financialization,” where the economy thrives on debt instead of real production, shifting risk onto everyday households.

The housing market poses another risk: about $173 trillion in leverage against a $55 trillion market — an imbalance that could trigger another financial crisis.

Advice:
Cut unnecessary expenses, stay valuable at work, and explore small business opportunities — many local firms need skilled people to adapt and grow.

#LaborMarket #GoldmanSachs #RecessionRisk #Economy #Finance