The weakest labor market since 2011 has BofA asking, ‘Dude, where's my job?' [Fortune]
Goldman Sachs Group, Inc. (The) (GS)
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Source: Fortune
Recommended Video Bank of America Research's “Situation Room” note warned in mid-December that markets are priced for a robust 2026 even as hiring stalls and unemployment rises and recalled a now 25-year-old cult classic stoner comedy starring Ashton Kutcher and Seann William Scott to make its point. The entry-level worker would be forgiven, in other words, for feeling about the job search the way Kutcher and Scott feel about their stolen wheels. (The screenwriter feels similarly about the show-business labor market, telling The Hollywood Reporter several weeks ago that he'd quit to become a therapist.) ?”The job market has been weak this year,” wrote BofA's Yuri Seliger and Sohyun Marie Lee, commenting on the double payrolls report showing weak job growth in October and November. “A lack of recovery in the jobs market and a slower U.S. economy are key risks to watch for 2026.” Seliger and Lee flagged what it called the weakest U.S. job market since at least 2011 (with the no
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