Phone: 410-284-5081
The U.S. Avoided a Recession in 2023. What’s the Outlook for 2024?
Posted On: Dec 19, 2023
Dec. 19, 2023 | ECONOMY | Next year is packed with potential shifts in the economy, but many economists and investment analysts expect that the country will likely avoid a recession in 2024 even as growth slows in the first half of the year. States Newsroom talked to economists about their expectations for some key metrics as well as their concerns about what could change their outlook. The job market will remain strong but not as hot as 2023. The unemployment rate has remained below 4% for nearly two years, with the unemployment rate falling to 3.7% in November. But hiring has cooled off from the start of the year, and retail employment dropped by nearly 40,000 jobs in the most recent jobs report, which leaves the question: How stable will the labor market be in 2024? Pennsylvania Capital-Star
  • Teamsters Local 570

    Copyright © 2024. All Rights Reserved.

    Powered By UnionActive

  • Top of Page image