Job postings are down
Double digits 12.4 % year over year to lowest level since
April 2021 .
Throw out the 50 % below comparison as that was largely states reopening from
Pandemic lockdown .
The 11.7 above pre pandemic is absolutely anemic job creation and even that is mostly government and struggling families forced to take on two jobs to survive
with Bidenflation.
Job postings are down
Double digits 12.4 % year over year to lowest level since
April 2021 .
Throw out the 50 % below comparison as that was largely states reopening from
Pandemic lockdown .
The 11.7 above pre pandemic is absolutely anemic job creation and even that is mostly… t.co/by0cYXXEjd— Tom Moore (@junogsp7) July 22, 2024
Goldman says that any further softening in labor demand is likely to hit actual jobs, not just job openings. pic.twitter.com/uH3vuTIJZr
— Piker (@PikerCapital) July 21, 2024
BREAKING: The US Treasury yield curve is on the verge of turning positive for the first time since 2022.
The difference between 10-year and 2-year Treasuries has been negative since July 6, 2022.
In other words, the yield curve has been inverted for a record 747 days.
In past economic cycles, every time the yield curve steepened so rapidly and crossed above zero, a recession followed within months.
By comparison, the 2nd longest streak lasted for 624 days starting in August 1978 and preceded a double-dip recession.
Another sign that we may be headed into a recession.
BREAKING: The US Treasury yield curve is on the verge of turning positive for the first time since 2022.
The difference between 10-year and 2-year Treasuries has been negative since July 6, 2022.
In other words, the yield curve has been inverted for a record 747 days.
In past… pic.twitter.com/xFRcJiDnc1
— The Kobeissi Letter (@KobeissiLetter) July 22, 2024
Unemployment Rate Continues Upward
The U.S. labor market shows signs of further softening as the unemployment rate increased to 4.1% in June 2024, according to the latest data from the Bureau of Labor Statistics.
This marks the third consecutive month of increase, continuing a… pic.twitter.com/G7zolJGiWL
— Reef Insights (@ReefInsights) July 22, 2024
Hiring conditions are deteriorating faster than previous times the Fed cut rates outside of a recession, Goldman Sachs, $GS, has said.
— unusual_whales (@unusual_whales) July 22, 2024
h/t DOORBERT