"However, the decline in full-time employment suggests recession risks are higher than thought."
Here's the drop in wage growth Roberts mentions.
At the moment, CEO confidence isn't great, Roberts pointed out, which could mean further trouble ahead for employment growth.
AdvertisementA warning sign for stocksWhile it will take time for the labor market outlook to become clear, Roberts said stocks are already flashing signs of trouble.
But that view became less popular in the second half of 2023 as the labor market proved resilient month after month amid Federal Reserve rate hikes, and inflation dropped to under 4%.
Persons:
—, Lance Roberts, Roberts, St, Louis Fed, it's
Organizations:
Service, RIA, Business, Bureau of Labor Statistics, Conference, Federal Reserve