The U.S. Labor-Market Recovery is Losing Momentum
After months of gains in an apparent rebound from the coronavirus pandemic, economists predict that we could see a reversal in the next round of job market reports.
In this episode of Your Money, Leo Daprile of Gem Young Insurance and Financial Services explains what to expect from the upcoming job market reports while the virus continues to spread.
Daprile says since some states are experiencing record high coronavirus cases, while others have managed to control the spread, we may not be getting an accurate picture in the national job reports.
“When you blend numbers from these different regions under different circumstances, you may not be getting an accurate view,” Daprile says. “I’m going to be looking for more geographically-specific information on the recovery, to see how things are really progressing.”
To learn more, watch the video above.
Original Air Date: July 22, 2020. Every Wednesday during the Dan Rivers show on AM570 WKBN, Daprile hosts the Your Money radio show.
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