WMT Jun 2023 150.000 put

Walmart's chief economist optimistic for U.S. economy this year

Walmart Inc's first chief economist, John List, said on Friday he is optimistic about the U.S. economy this year, citing the strength of the job market compared to previous economic downturns. "When you look at the current labor market, it looks very different from what we have in most recessions," List told a business event. He noted current underemployment and wage growth trends that showed positive contrasts to periods such as the COVID-19-fuelled recession and the financial recession of 2008/09.