50% of young adults are living with their parents, an all time high per Morgan Stanley

50% of young adults are living with their parents, an all time high per Morgan Stanley pic.twitter.com/VYKjkML6WH

— Win Smart, CFA (@WinfieldSmart) October 9, 2023

The “it’s not a recession” argument hinges on one number: 3.8% unemployment.

But it turns out counting missing workers takes unemployment to almost 7%.

While almost half of new jobs are either part-time or double-counting.

The jobs we do have are dominated by gig-work,… pic.twitter.com/fTdfT1S6Zs

— Peter St Onge, Ph.D. (@profstonge) October 9, 2023