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Cracks in the labor market could lead to a recession, economist says

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    Posted by Two Blokes May 1 - Filed in General - #TwoBlokesTrading  - 3 views
    S&P Global's US Manufacturing PMI (Purchasing Managers' Index) for April came out to a reading of 50.2, while the Institute for Supply Management's (ISM) own figures slipped to 48.7 month-over-month. S&P Global Ratings Global Chief Economist Paul Gruenwald comes on to react to these data points and share his perspective on what this means for the US economic growth and trade with China.