Mohamed El-Erian, the chief economic advisor at Allianz, took to X, formerly Twitter, to highlight a significant economic indicator that points to a slowdown. He referred to the “monthly measure of job vacancies,” which dropped from 8.35 million to 8.05 million, the lowest in three years and well below the consensus forecast. What Happened: El-Erian suggested that this data point is consistent with his previous observations that the economy is slowing down more than many anticipate, including the Federal Reserve. Earlier the economist also mentioned the recent ISM data, which showed that the U…
