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
About Employment Level
This Week in the Markets (October 3-7)October 3 (Monday)
German Manufacturing PMI
UK Manufacturing PMI
October 4 (Tuesday)
US ISM Manufacturing PMI
RBA Interest Rate Decision
October 5 (Wednesday)
US JOLTs Job Openings
UK Composite PMI
US ADP Employment Change
October 6 (Thursday)
US ISM Non-Manufacturing PMI
Australia Trade Balance
Employment Level: Plenty of Room for GrowthEmployment level is not yet overheated which is bullish for risk-on assets. A repeat of the 1981-1982 recession a possibility but trading and investing has always been about probabilities, not possibilities. 6-17% increase in employment from now is far more likely. One is allowed to be a bear, but a
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