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.

Watch the full interview.

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