Goldman Sachs Sees Low Recession Risk Amid Strong Labor Market Report
Monday, 7 October 2024, 04:09
The Optimistic Jobs Report
The economy has shown signs of resilience as the recent jobs report from Goldman Sachs highlights a strong labor market. Nonfarm payrolls grew by a significant 254,000 in September, exceeding forecasts of 150,000. This has led to a reassessment of recession probabilities.
Key Economic Indicators
- Unemployment Rate: Dropped to 4.1%
- Inflation Concerns: Eased due to robust job growth
- Interest Rates: Potential implications for federal reserve policies
Goldman Sachs now places the chance of a recession within the next year at only 15%, aligning with long-term averages.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.