Positive labor market data and GDP growth support this, but job opportunities in some sectors are down.
Not all job data is positive, with job openings falling from their post-pandemic highs.
Below are some of the signs the economy is thriving, as well as some warning signs.
Labor market data is mostly positiveThe labor market is still stable despite gradually slowing, Kimbrough said during the forum.
"I think the investment side of our economy is going to start to chip away a little bit at the discretionary consumption weight in our economy."
Persons:
—, Marc Giannoni, LinkedIn's Karin Kimbrough, Charles Schwab's Liz Ann Sonders, Giannoni, Kimbrough, Jerome Powell, Powell, NerdWallet's Elizabeth Renter, Sonders, They're, there’s, there's, — Kimbrough, it’s
Organizations:
Federal, Service, Barclays, NYU Stern Economic, Labor, Conference, University of Michigan's, Market Committee, Health, New, New York City Housing
Locations:
York, New York City