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| Name | What a stronger-than-expected GDP report is telling us about the economy and labor market |
| Video Uploader | Video From Yahoo Finance |
| Upload Date | This Video Uploaded At 25-01-2024 22:51:46 |
| Video Discription | After stronger-than-expected US GDP growth, Jefferies Senior US Economist Thomas Simons joins Yahoo Finance Live to discuss resilience in consumer spending. He says that despite headwinds, the US consumer seems "back to its old ways in terms of the American spirit" based on robust holiday and recreational activity. Simons acknowledges "it seems like the consumer should be... ripe for a slowdown." However, he observed the second half of 2023 proved "quite strong," with demand mirroring pre-pandemic norms. Looking ahead, he expects "we're about to hit a soft patch" in the labor market in 2024 if anticipated consumer pullbacks occur. Simons believes businesses are shifting towards more part-time work rather than layoffs, since employers know "it's really, really hard to find people." About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: https://www.facebook.com/yahoofinance/ LinkedIn: https://www.linkedin.com/company/yahoo-finance [o3VkRHOlxgk] |
| Category | News & Politics |
| Tags | Yahoo Finance | Personal Finance | Money | Investing | Business | Savings | Investment | Stocks | Bonds | FX | Currencies | NYSE | Equities | News | Politics | Market | Markets | Yahoo FInance Premium | Stock market | GDP |
