U.S. Labor Market – Job Openings per Unemployed Worker The ratio of U.S. job openings to unemployed workers below 1 indicates labor market weakness, with policy uncertainty and slowing demand increasing the likelihood of a September Fed rate cut. Image: J.P. Morgan Asset Management
U.S. Labor Market – Nonfarm Payrolls Growth in the Month That the Fed Starts Easing Policy The recent rise in payroll numbers is surprising given the Fed’s easing of interest rates. Usually, strong job growth coincides with tighter monetary policy, but the current situation reveals a notable divergence. Image: Deutsche Bank
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
U.S. Labor Market – U.S. Nonfarm Payrolls vs. Retail Sales Higher payrolls can potentially lead to higher retail sales, as increased income for employees can result in greater purchasing power. Image: BofA Global Investment Strategy
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
U.S. Labor Market – Initial Claims The jump in U.S. jobless claims is raising fears of a potential recession. Image: J.P. Morgan
U.S. Labor Market – Spread Between Leading and Coincident Economic Indicators and Initial Unemployment Claims U.S. jobless claims are still near historic lows, but are expected to rise in the near future. Image: Morgan Stanley Wealth Management
U.S. Labor Market – Challenger U.S. Job Cut Announcements vs. Initial Jobless Claims U.S. job cuts are rising. Does it look like a soft landing at first? Image: BofA Global Investment Strategy
U.S. Labor Market – Net Job Gains Job growth in the United States is expected to slow significantly in 2023 compared to 2022. Image: Goldman Sachs Global Investment Research
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