It’s been almost seven months of war with Iran, and we’ve faced a massive energy shock since then. In terms of how that has translated to hiring activity, things have actually picked up. There has been a dramatic uptick in hiring activity, from -4,000 per month to 71,000 per month when you look at a month-over-month, three-month net change. Combine that with stable layoffs in the post-pandemic era and even a shift in wage growth, Schwab’s Kevin Gordon examines what this week’s data could mean in the Week Ahead.
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