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The U.S. Jobs Slowdown is Important


September 22nd, 2019 Interview.

Year-over-year nonfarm job growth is at an 8-yr low. Meanwhile, ECRI’s U.S. Leading Employment Index growth has already plunged to a 10-yr low, pointing to further slowing in job growth ahead.

This can weigh on consumer spending, which is the last pillar supporting the U.S. economy now that manufacturing is slowing sharply.

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