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Jobs Market Gets Worse Before It Gets Better, Goncalves Says
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Why This Matters
George Goncalves of MUFG predicts that the US jobs market will deteriorate before showing improvement, suggesting that strong jobs data is necessary for the Federal Reserve to halt rate cuts. He highlights that recent economic data, despite the government shutdown, indicates a weaker labor market.
Market Impact
Market impact analysis based on bearish sentiment with 81% confidence.
Sentiment
Bearish
AI Confidence
81%
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
George Goncalves of MUFG says the US jobs market will get worse before it gets better. He says you "need really strong jobs data to turn off" the Federal Reserve and that's why he thinks the central bank will cut rates again. He also says limited, alternative economic data that came out during the government shutdown still points to the US having a weaker labor market. He speaks on "Bloomberg Surveillance." (Source: Bloomberg)
Original article published by
Bloomberg
on November 14, 2025.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.