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US Labor Productivity metrics have maintained a precise 2.2% trajectory, aligning perfectly with expert projections and reflecting the workforce's adaptability in challenging times.
Labor cost growth has softened to a modest 0.8%, falling below initial forecasts (1.9) and marking a significant moderation from previous quarters. This trend suggests companies are becoming increasingly strategic in managing human capital expenditures.
Are they preparing for the coming recession?
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I dont think so because if that was coming they have a ton of room with rate cuts. If we were already near 0 in interest rate then yeah we are in trouble but we have room to run.
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