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 -7.58% YoY in December, 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. 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

Permanent Job Losers in the U.S.

Permanent Job Losers in the U.S. Permanent job losers continued to rise in June. Last time, it took three years for permanent job losses to peak. Image: Nordea and Macrobond