Part 6/11:
Despite Fed signals about a strong job market, recent data paints a more cautious picture. The April ADP report showed only 42,000 new jobs created, and over the past three months, just about 10,000 jobs have been added. These figures suggest weakening employment growth.
Additional data shows decreasing job openings and increasing difficulty in matching workers to available roles. This is compounded by overstated job opening numbers due to labor market distortions, where employers list jobs in multiple states, inflating figures.