Economist cover: The union’s troubled state

Stimulus, vaccines and new political agendas underpin recovery hopes

As we look back at our best and worst calls of 2022, it seems like an opportune time to reassess the market’s behavior and our own understanding of it. Despite some predictions being correct, we wish we were more emphatic about others.

Labor momentum continues to decelerate, with job growth slowing significantly in August, implying that the inflation-ridden, red-hot services sector may finally be reaching supply and demand balance.

Stock prices have rebounded but corporate earnings remain weak