Temporary Help Services Jobs vs. Real GDP and U.S. Recessions Temporary Help Services Jobs stand at -5.55% YoY in March. The relationship between Temporary Help Services jobs and the macroeconomy is complex. Declines in Temporary Help Services Jobs are often considered a leading indicator of a potential recession (red line at -3.5%), but they do…
U.S. Labor Market – Unemployment Rate and Consumer Confidence Survey: Jobs “Plentiful” Minus Jobs “Hard to Get” Shifts in consumer perceptions regarding job availability suggest notable changes that could potentially lead to a rise in the U.S. unemployment rate. Image: Morgan Stanley Wealth Management
NFIB Small Business Availability Loans vs. U.S. Initial Jobless Claims When interest rates are high, weak credit conditions can greatly affect the economy, potentially resulting in increased unemployment. Image: BofA Global Investment Strategy
U.S. Job Openings and S&P 500 While job openings provide a snapshot of current economic conditions, the stock market reflects investor sentiment and expectations about the future. Image: BofA Global Investment Strategy
Fed Funds Rate vs. U.S. Job Openings (JOLTS) Declining wage growth and employment would allow the Fed to make substantial cuts in interest rates. Image: BofA Global Investment Strategy
U.S. Initial Jobless Claims The U.S.’s sustained period of low initial jobless claims indicates a stable labor market. This is a positive development showing resilience in the economy and providing hope for continued growth. Image: The Daily Shot
U.S. Labor Market – Challenger U.S. Job Cut Announcements The U.S. labor market is cooling. Will job cuts continue? Image: The Daily Shot
Recession – U.S. Continuing Jobless Claims U.S. continuing jobless claims can serve as a warning sign of an upcoming recession. Image: Bloomberg
U.S. Job Openings vs. U.S. Implied Earnings Growth The decline in U.S. job openings may not bode well for earnings growth. Image: Morgan Stanley Wealth Management
U.S. Initial Jobless Claims U.S. initial unemployment claims are rising in states with tech and banks. Image: BofA Global Investment Strategy
U.S. Continuing Jobless Claims The U.S. labor market is cooling, as continuing claims are up 22.5% YoY. Image: The Daily Shot