U.S. Small Business Confidence and U.S. Employment Peak to Recovery Small business confidence is rebounding, but it could take many years for the U.S. labor market to recover. Image: BofA Global Investment Strategy
U.S. Nonfarm Employment This chart suggests a two-phase labor market recovery in the United States. Image: Oxford Economics
U.S. Unemployment – Unemployed Workers on Temporary Layoff Since 1970, recessions with the highest share of temporary layoffs have been followed by the fastest recoveries in the labor market. Image: Goldman Sachs Global Investment Research
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
U.S. Consumer Confidence and U.S. Unemployment A tight U.S. labor market and low interest rates should continue to support U.S. consumer confidence and spending. Image: Goldman Sachs Global Investment Research
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
San Francisco Fed Leading Unemployment Rate Does the San Francisco Fed Leading Unemployment Rate signal a turning point in the U.S. labor market? Image: Merk Investments
Why U.S. Productivity Is Lower Than Previous Business Cycles? The real yield is the most important measure of financial tightness. But as the real yield is near zero, artificially low interest rates are then associated with unnecessary debt, zombie firms and lower productivity than previous business cycles. Zombie firms cannot invest, innovate and increase productivity. …