The US's chances of dodging a recession are growing given layoffs remain low, top Moody's economist says

Jan 9 2023 by Business Insider

 
Unemployment fell to 3.5% in December, according to the latest jobs report.

AP Photo/Nam Y. Huh

The latest jobs report shows that the US can still dodge a recession, according to the top economist at Moody's. "Job market slack is forming and wage pressures are abating," Mark Zandi said Sunday. Friday's report showed unemployment fell to 3.5% in December, while hourly earnings rose at a lower-than-expected rate.

The latest US jobs report has boosted the prospect that the world's largest economy...

Continue Reading The US's chances of dodging a recession are growing given layoffs remain low, top Moody's economist says