Oil Price Slump Precedes Potential Shift in Jobs Narrative, Analyst Says

Analyst Enda Curran said the sharp drop in oil prices was only the beginning and that the narrative around the labor market also faced a potential revision. According to Jin10, Curran said markets had already been prepared for possible sharp swings in inflation data because of the oil price plunge, but it now appeared that the labor-market story was also being reassessed. He added that the current economy contained many dynamics that were interacting and competing with one another.