US labor market to ease in 1H 2023 – BofA

That said, the company took a more optimistic approach, saying “stronger incoming data has caused us to revise our outlook for the US economy in favor of a longer expansion.” Adding that “we have pushed back our outlook for a mild recession in the United States to begin in 1H 2023, compared to the end of 2022 previously”. Here is how they perceive the job market:


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