Weak November jobs report tip of the iceberg, unless COVID-19 relief package passes
US job growth slowed in November. The November data is likely just a prelude to actual declines in BLS-reported payroll employment in one or more months ahead.
Daniel Alpert is a senior fellow in financial macroeconomics and an adjunct professor of law at Cornell Law School. Alpert is a founding managing partner of Westwood Capital, LLC, and its affiliates. He has more than thirty-five years of international merchant banking and investment banking experience, including a wide variety of workout and bankruptcy-related restructuring transactions.