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Jobs Market Gets Worse Before It Gets Better, Goncalves Says
Posted
November 14, 2025
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2:28Now PlayingGeorge 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."
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