U.S. Core CPI and JOLTS Job Openings (Leading Indicator)
U.S. Core CPI and JOLTS Job Openings (Leading Indicator) This chart suggests that JOLTS job openings leads U.S. core cpi by 12 months. Image: BCA Research
U.S. Job Openings and Unemployment
U.S. Job Openings and Unemployment The U.S. labor market is very tight. There are still more open jobs than unemployed workers. Image: FactSet
NFIB Job Openings and Recessions
NFIB Job Openings and Recessions This chart shows that NFIB job openings, while high, could suggest a looming recession. Image: Nordea and Macrobond
Job Openings and Average Weekly Hours
Job Openings and Average Weekly Hours The number of job openings fell in August, mirroring the decline in average weekly hours, and confirming that the U.S. labor market is cooling. Image: TD Bank Financial Group
Why Potential GDP Has Been Cut in Half Since the 1950’s?
Why Potential GDP Has Been Cut in Half Since the 1950’s? The main reason is a lower productivity than previous business cycles, due to: – lower population growth – the service sector is growing faster than the industry sector – lower quality jobs in the service sector have a lower productivity than in the industrial…