Labor demand weaker than supply, unemployment rising, warns former CEA

December Jobs Report Highlights Weakening Labor Market

Jared Bernstein, former chair of the Council of Economic Advisors, discussed the December jobs report on CNBC’s ‘Money Movers’. He noted that labor demand is weakening even more than labor supply, signaling potential challenges ahead for the economy.

Labor Market Trends

The report indicates a softening labor market, with key sectors showing signs of slowdown. Bernstein emphasized the importance of monitoring these trends to understand their impact on economic recovery and growth moving forward.