This morning on The Call @ Hedgeye, Financials analyst Josh Steiner reported a 115% year-over-year increase in job cuts, marking the highest level since 2009, excluding the early months of Covid in 2020.
“Clearly on the job cut front, the labor market is showing some signs of progressive deterioration,” Steiner explains.
“We know people are losing their jobs, we know that the economy is slowing … but now you’ve got to deal with today,” adds Hedgeye CEO Keith McCullough. “You’ve got to deal with the counter headline to that, which may be the last one.”
Click above for the full clip.
