The economy peaked in April 2023
"JOBS, JOBS, JOBS!"
As Obama said during the recovery period post GFC
This chart shows the employment level --- how many people are employed in the States / divided by the unemployment level --- the number of people without a job. .
A simple Ratio
With all the official Recessions highlighted in the red box.
The dates of the recessions are from Wikipedia.
JOBS are the ECONOMY
Goods and services are still made by people. (That is obviously under attack by robotics and AI) --- but will likely lead to new economies being birthed and new jobs created.
THE #FED is late to cut
and will likely cut too slowly
guaranteeing a GDP contraction therefore further job losses.
HOLDING RISK ASSETS
IS RISKY
needless to say.
As Obama said during the recovery period post GFC
This chart shows the employment level --- how many people are employed in the States / divided by the unemployment level --- the number of people without a job. .
A simple Ratio
With all the official Recessions highlighted in the red box.
The dates of the recessions are from Wikipedia.
JOBS are the ECONOMY
Goods and services are still made by people. (That is obviously under attack by robotics and AI) --- but will likely lead to new economies being birthed and new jobs created.
THE #FED is late to cut
and will likely cut too slowly
guaranteeing a GDP contraction therefore further job losses.
HOLDING RISK ASSETS
IS RISKY
needless to say.
Note
The JOLTS survey showed total job openings in July fell to the lowest level since the start of 2021. Layoffs, meanwhile, climbed to 1.76 million, the most since March of last year.
Note
#JOLTS more down
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