William Lee, Chief Economist at the Milken Institute, discusses the current job market data amidst layoff concerns. Despite challenges, Lee asserts that the job data remains robust. He highlights that a potential U.S.-China trade deal could act as a significant game changer for global economic growth and Federal Reserve policies. This analysis gives insight into how current trends and potential agreements can influence the labor market and economic outlook in the near future. Keeping informed about such economic indicators can aid investors in making well-informed decisions.