Temporary Help Services Jobs vs. Real GDP and U.S. Recessions

Temporary Help Services Jobs vs. Real GDP and U.S. Recessions Temporary Help Services Jobs at -4.33% YoY in March, are a good leading indicator before a recession (red line at -3.5%). In 2001 and 2007, when Temporary Help Services Jobs were below -3.5% YoY, a recession began in the United States.

U.S. Jobs – Initial and Continued Claims

U.S. Jobs – Initial and Continued Claims Initial and continued claims remain elevated, suggesting that the road to recovery is a long journey. Image: BofA Global Research

U.S. Job Posting Trend Index

U.S. Job Posting Trend Index This chart highlights the impact of Covid-19 on the U.S. job posting trend. Image: BofA

U.S. Labor Market – Initial Jobless Claims

U.S. Labor Market – Initial Jobless Claims The four-week moving average of jobless claims ticked higher, suggesting that the road to recovery is a long journey. Image: J.P. Morgan Asset Management

U.S. Labor Market – Number of Jobs Lost

U.S. Labor Market – Number of Jobs Lost U.S. workers face permanent job losses as the coronavirus pandemic persists. Image: Morgan Stanley Wealth Management