Navigating the softening labor market amidst impressive job gains

February 2024 Economic Outlook Report

Report: February Economic Outlook – Navigating the Softening Labor Market Amidst Impressive Job Gains

In the February U.S. Economic Outlook report, Natalie Gallagher, Principal Economist at Prevedere, explores the latest employment data releases. Despite January’s positive job numbers and stable unemployment rate, a comprehensive analysis of the available data is essential to understand the true condition of the labor market.

In this report, Natalie examines additional data sets beyond the media headlines to provide a more comprehensive view.

Highlights from her analysis include:

  • There is a significant gap between certain employment statistics, raising questions about the true state of the labor market
  • Despite a notable increase in employment gains in January, underlying data show signs of a weakening labor market
  • A clear trend of a softening labor market is emerging despite the impressive job gains

Download the complimentary report to learn more.


About Prevedere, Inc.
Prevedere is the world’s leading provider of predictive analytics technology and solutions based on econometric modeling, enabling intelligent enterprises to understand and quantify the impact of external factors as part of their strategic planning and forecasting. Our global data repository and patented AI platform enable financial executives and operational planners to identify market drivers, quantify the future impact of economic volatility, generate performance forecasts, and optimize plans based on market foresight.

Prevedere’s automated AI model monitoring provides an early warning system when unplanned market shifts and anomalies are predicted, enabling planners to future proof business performance. Many of the world’s leading consumer packaged goods, retail, logistics, and manufacturing companies leverage Prevedere to generate economic intelligence, spot market opportunities, mitigate risks, and deliver exclusive competitive advantage.

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