Will Jobs Boom Continue in 2020?
A broader slowdown in hiring could occur over the coming months
This week brings the final U.S. jobs report of 2019, buttoning up a solid year for jobs growth as consumer spending stayed strong and concerns about a recession abated.
But it's an open question how long substantial jobs growth can continue. Heading into 2020, momentum is poised to weaken.
"We're likely to see a slower pace of job creation in December, and there is a risk that we see a broader slowdown in hiring over the coming months," James Smith, developed markets economist at ING, said in a note to clients. "As ever though, a lot depends on trade."
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