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 -0.43% YoY in January, 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. Recessions and ISM Services PMI

U.S. Recessions and ISM Services PMI The ISM Services PMI below 50 is a warning signal of a coming recession in the United States. Image: Morgan Stanley Research

U.S. ISM Services PMI

U.S. ISM Services PMI The U.S. ISM Services Index came in much higher than expected in November. Could the Fed be more hawkish? Image: The Daily Shot