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…