The job market often shows slower responses to changes in economic growth, with the unemployment rate typically lagging behind for several months.
Nationwide chief economist and senior vice president Kathy Bostjancic joins Wealth host Julie Hyman to explain how the unemployment rate acts as a lagging indicator, while payroll data provides a more immediate reflection of labor market conditions.
To watch more expert insights and analysis on the latest market action, check out more Wealth here: https://finance.yahoo.com/videos/series/wealth/
#youtube #jobs #employment
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