A key signal suggests job growth could plummet in coming months amid labor strikes and bad weather

• A key signal suggests monthly job growth could plummet in the coming months, according to Ned Davis Research.
• The research firm highlighted that a slow-down in temporary hiring services is the canary in the coal mine.
• “Seasonal adjustments, weather, revisions, and strikes are all likely to impact the trend,” NDR said.

The solid job growth seen in the labor market over the past three years could be coming to an end in the coming months, according to a Friday note from Ned Davis Research.

The investment research firm highlighted a key leading indicator that is warning of a potential slowdown in hiring, and that’s the hiring activities of temporary hiring services.