Temporary Help Services Jobs vs. Real GDP and U.S. Recessions Temporary Help Services Jobs at 2.39% YoY in November, are a good leading indicator before a recession (red line at -3.5%). In 2001, 2007 and 2020, when Temporary Help Services Jobs were below -3.5% YoY, a recession began in the United States.
U.S. Labor Market – Challenger U.S. Job Cut Announcements U.S. job cuts continue to rise, which does not bode well for the labor market. Image: The Daily Shot
U.S. Initial Jobless Claims U.S. initial jobless claims drop slightly and remain low so far. Image: The Daily Shot
U.S. Continuing Jobless Claims U.S. continuing jobless claims are still low so far. Image: The Daily Shot
Labor Market – U.S. Unemployment Rate vs. Jobs “Hard to Get” Minus “Plentiful” How high will the U.S. unemployment rate rise? Image: Alpine Macro
U.S. Labor Market – U.S. Job Openings U.S. job openings are declining but remain very high. Are investors overly optimistic about a dovish Fed pivot? Image: The Daily Shot
U.S. Labor Market – CEO Confidence Survey vs. Jobless Claims As CEO confidence declines, the fight against inflation could cause job losses. Image: Real Investment Advice
Tech Stocks – Apple and U.S. Job Openings Some tech stocks tend to be correlated with the U.S. labor market. Image: BofA Global Investment Strategy
Percent U.S. Job Losses in Post WWII Recessions The U.S. job market has recovered quickly. Image: Calculated Risk
U.S. Labor Market – Multiple Jobholders, Primary and Secondary Jobs Full Time More Americans are taking on second jobs as the cost of living increases. Image: The Daily Shot