Recency Bias: Overlooked Risks in the Labor Market
However, trouble seems to be brewing elsewhere this time and, so far, it’s being largely overlooked by investors. We’re talking about the weakening jobs market. The news on the labor market is being reported widely, but the stock market has barely reacted. Last week we got more bad news, including a troubling update where job openings dropped below the number of unemployed. That hasn’t happened since COVID.