Macro Nugget: 3 Charts on US Labour market
The intricacies of the US labor market make it challenging to derive coherent insights. To shed some light on our perspective, here are three charts that aid in elucidating our view
As you may be aware, a notable abundance of indicators suggests increased credit stress and layoffs. One of the particularly consistent signals in my chart book is the Conference Board’s Jobs hard-to-get Less Plentiful, which consistently has been leading the unemployment rate
Chart 1: Conference Board, Hard-to-get less Plentiful vs Unemployment rate
The intricacies of the US labor market make it challenging to derive coherent insights. To shed some light on our perspective, here are three charts that aid in elucidating our view
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