Part 6/9:
The QCEW's latest figures paint a disconcerting picture of the labor market, with a year-over-year growth rate of only 0.8%. This rate marks the lowest employment figure outside of the challenging post-recession era of 2010-2011. It suggests that the labor market dynamics are eerily reminiscent of those seen before severe economic downturns, raising red flags for analysts and policymakers alike.