2024 Economic Outlook: Job Market Still Strong But Cooling Off as Housing and Politics Add Uncertainty
• Job market will remain strong in 2024 but hiring will cool off from 2023 levels • Workers will retain leverage to continue labor organizing efforts next year • Housing affordability issues will persist, with prices still rising but more slowly • Consumer spending expected to remain steady and continue driving economic growth • Potential political unrest around 2024 election poses a risk of market volatility