Strategist Warns Unemployment Could Spike as Slowing Inflation Signals Layoffs
• Unemployment rates could double to 6-7% by end of year, according to strategist Dominic Konstam
• Declining inflation signals upcoming layoffs as companies' earnings and profits shrink
• Investors are focused on inflation data, but should pay attention to imminent labor market risks
• As "labor hoarding" ends, companies will cut workforces in response to slimming profits
• Fed will likely have to cut real interest rates this year to combat companies' shrinking profits