🗣️Joseph Lavorgna: Why is the US labor market weak? 💡 Core Viewpoint: US Treasury Advisor Joseph Lavorgna focuses on: 👉 The weakness in the US labor market is the result of multiple economic factors intertwined! 📊 Underlying Logic: From a policy perspective, the high-interest-rate environment suppresses corporate expansion intentions, leading to a contraction in hiring demand, especially in interest rate-sensitive industries like technology and real estate.