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The level of hiring in the US has collapsed in a way we haven't seen since 2008 and 2009 (outside the pandemic lockdowns). JOLTS survey results show the largest 6-month decline in hiring of any same-sized period over the entire 21st century (ex. '20). The labor market is more than halfway into recession; but what about that other half? Eurodollar University's Money & Macro Analysis Twitter: https://twitter.com/JeffSnider_EDU
https://www.eurodollar.university
RealClearMarkets Essays: https://bit.ly/38tL5a7 #recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #ratecuts #federalreserve #fomc #fedpivot #jobs #unemployment #employment |
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