Economic Preview: Slowing but still-strong U.S. jobs market keeps economy going in turbulent times

The U.S. economy is riding out rougher times on the strength of the best labor market in decades. Can it last?Trump impeachment talk, China trade tensions, drone strikes in Saudi Arabia, a messy “Brexit” — it’s all enough to sour Wall Street and Main Street on the U..S. economy’s future. Thank goodness for the strongest…

Economic Preview: Slowing but still-strong U.S. jobs market keeps economy going in turbulent times

The U.S. economy is riding out rougher times on the strength of the best labor market in decades. Can it last?Trump impeachment talk, China trade tensions, drone strikes in Saudi Arabia, a messy “Brexit” — it’s all enough to sour Wall Street and Main Street on the U..S. economy’s future. Thank goodness for the strongest labor market in several decades. To be sure, the U.S. jobs market itself is also showing signs of stress. Hiring has slowed this year, bigwig CEOs say they’re cutting back and a recent survey suggests service-oriented companies are reducing employment for the first time in a decade. The economy is still producing enough new jobs, however, to outstrip the number of people entering the labor force each month, such as new immigrants, high school and college grads and working mothers heading back to the office. What’s more, the pace of layoffs and the unemployment rate remain near a 50-ye
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