Financial analyst Gary Shilling has raised concerns about potential weakness in the labor market, suggesting that a recession might be delayed as a result. Despite the resilience of the U.S. economy since the pandemic, Shilling warns that this may change in the near future as signs of weakness are starting to emerge.
Shilling explained to CNBC that wage gains, quits, and service inflation are early warning signs that the market is slowing down. While a recession may be delayed, Shilling’s observations suggest that the economy is not yet out of troubled waters.
As this story develops, more updates will be provided on the potential impact of these signals on the U.S. economy. Newsweek remains committed to challenging conventional wisdom and seeking common ground in the pursuit of understanding complex financial issues.
