We’re really in a ‘holding pattern’ is it comes to the labor market – the data continues to worsen while the market has pulled down its pants and continues to moon the labor market. Unemployment will need to rise further for impacts to be realized in markets.
— Don Johnson (@DonMiami3) September 24, 2024
07 similarities continue to pile on pic.twitter.com/5ra1pWk9yu
— Don Johnson (@DonMiami3) September 24, 2024
The Conference Board labor differential measuring the % of respondents saying jobs are plentiful minus the % saying jobs are hard to get is dropping uncomfortably quickly–the Fed probably needs to step up its game pic.twitter.com/HRpEtbSwAk
— Julia Coronado (@jc_econ) September 24, 2024
Richmond Fed employment expectations well below zero is confirming. In GFC territory.
But claims… 🤔 https://t.co/H9PWW2ZAHO pic.twitter.com/2Ht8Sc0ycM
— Michael Green (@profplum99) September 24, 2024
Phoenix likely just crossed the highest level of inventory since 2015 with collapsing sales. https://t.co/GYCu88gfj1 pic.twitter.com/NJDNQk0Ptt
— Darth Powell (@VladTheInflator) September 24, 2024
🚨BRACE FOR FURTHER DETERIORATION IN THE US JOB MARKET🚨
In the past, Fed hikes LED the declines in non-farm payroll numbers by ~2 years.
This lag implies we will likely see job numbers come negative in the next few months.
In other words, the job market will shrink for real. pic.twitter.com/EJ8BzDin9D
— Global Markets Investor (@GlobalMktObserv) September 24, 2024
🚨US CREDIT CARD INTEREST RATES ARE AT ALL-TIME HIGHS🚨
US credit card rates remain at record highs of ~22%.
US credit card debt is now ~$1.14 trillion, also at an all-time high.
This means Americans pay ~$250 billion in average interest payments on credit cards a year.
Wild. pic.twitter.com/ptVDS4h7PJ
— Global Markets Investor (@GlobalMktObserv) September 24, 2024