📝 See U.S. Job Creation Falling to 150K/Month In 2022: Goldman Sachs

Payroll data should soon begin to reflect weakening activity. The economic slowdown that we need is well underway, but payroll employment grew by 372k in lune despite other employment indicators--most notably the household survey of employment--pointing to a labor market deceleration. However, job growth may be more resilient than usual due to high labor demand. Expect job creation to fall to 150K a month this year and 60K in 2023, rising the unemployment rate to 4% by 2024. - Goldman Sachs