26 May “people are seeing real degradation”
Yes. People ARE seeing real degradation along with job losses. Is the labor market only just now starting to crack? I don’t think so. I think the air has been coming out of the bubble for quite some time now, but John & Jane Q. Public weren’t supposed to know that, ya see. By “the labor market is starting to crack,” I think what they really mean is: the job market is gonna crash. This information is not hidden if you care to look for it.
You can read this article in its entirety at my news/op-ed site, the job market journal, by clicking here: