There's a 'disturbing' pattern flashing in the US labor market, a veteran market strategist says
Business
The US job market could be headed down a troubling path, Jim Paulsen says. The veteran strategist and former chief investment strategist at The Leuthold Group said he was eyeing an unusual disconnect related to the labor market : while job growth has remained relatively flat in recent years, corporate profits have accelerated. That could raise the risk of a jobless economic boom — an uncommon configuration in which GDP expands despite little to no new hiring, Paulsen wrote in a Substack post
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