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Labor market shows early signs of recovery, Bob Elliott notes

Labor market shows early signs of recovery, Bob Elliott notes
U.S. labor data shows early signs

Bob Elliott, co-founder / CIO at Unlimited, observes that recent U.S. labor data may be indicating early signs of improvement after a prolonged period of stagnation.

However, Elliott cautions that because of typical lags in hiring and data reporting, it is premature to conclude a durable improvement, especially given ongoing conflict.

Earlier this year, Elliott highlighted slowest real income growth since 2022 as a concern beyond headline GDP numbers. He has also warned that the closure of the Hormuz Strait is driving higher prices and challenging expected market growth. Elliott's recent comments on labor data follow months of cautious outlook on economic improvement.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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