Mumbai, Aug. 7 -- Earnings could be an early indicator of any possible degradation in the labor market in terms of layoffs, according to Tom Barkin, CEO of the Federal Reserve Bank of Richmond. He noted that corporate earnings are quite strong, and growing nicely in aggregate in multiple sectors
Earnings are a buffer against further degradation in the labor market, according to Barkin.
Published by HT Digital Content Services with permission from Capital Market....