New government data shows a surprisingly strong job market for the month of January.
But there are signs of weakness in the labor market, based on tens of thousands of workers who have been laid off since 2024 started.
At the same time, the latest data shows the U.S. job market is still strong, with the unemployment rate holding at 3.7%.
"At the same time, we have to understand that certain sectors of the economy may be experiencing more disruption or innovation."
With that innovation comes a higher risk that workers may suffer from an income loss as the economy adjusts, he said.
Persons:
Mark Hamrick, Hamrick
Organizations:
Finance