Continuing claims ‘continues’ its slow climb towards 2 million. Virtually all data points indicate that consumers are ailing — savings, employment, inflation, debt, etc, etc. Dangerous times.

layoffs have a delayed impact due to severance

I believe receiving severance = no unemployment until severance runs out

Unemployment is likely to creep higher every month from here.

— Expound the profound-Cut'n thru bs 1 layer @a time (@frankoz95967943) November 27, 2024

Virtually all data points indicate that consumers are ailing — savings, employment, inflation, debt, etc, etc.
Dangerous times.

— Bill Waite (@williamwaite7) November 29, 2024

Consumer Financial Protection Bureau (CFPB): “Overall financial stability and well-being deteriorated from 2023 to 2024. The deterioration occurred across demographic groups and measures.”

Deloitte Insights: “In 2024, we expect softer consumer spending and disposable income growth, and further expect that lower-income households will feel the greatest pinch from inflation and higher rates.”

Sources:
https://www.consumerfinance.gov/data-research/research-reports/making-ends-meet-in-2024-insights-from-the-making-ends-meet-survey/

https://www2.deloitte.com/us/en/insights/economy/consumer-pulse/state-of-the-us-consumer.html

https://www.brownadvisory.com/insights/2024outlook/state-consumer

https://www.occ.gov/publications-and-resources/publications/community-affairs/community-developments-insights/pub-insights-jun-2024.pdf