Economic Update for November 13, 2023-Consumer Spending, Unemployment, Trends and More
Jobs (from the New York Times): Job Growth Slows, Sowing a Mix of Concern and Calm-U.S. employers added 150,000 workers in October, falling short of expectations, but the labor market retains spark nearly three years into a recovery.
The labor market has been relentlessly hot since the U.S. economy began to recover from the shock of the pandemic. But there are signs of cooling as the holidays approach.