This episode takes an in-depth look at the labor market and possible risks it may face in 2023 and beyond. We discuss with Cris deRitis, deputy chief economist with Moody’s Analytics, how lenders can adjust their business to better identify risk, as well as opportunity in the labor market. 

0:50 – Analysis of labor market in 2023

2:38 – Potential shocks to the labor market

4:55 – Recognizing the variety in labor market; using data to find opportunities

6:45 – Smart portfolio management; do job losses or income matter more?

9:00 – Lenders should consider long-term labor market

11:24 – How do lenders forecast long-term trends in labor market

Resources:

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