JPM: Variables to determine an NBER recession… still pretty decent; White-collar employment is weakening significantly

Sharing is Caring!


See also  Yield curve steepening historically signals recessions, yet markets often rise until the final moment. We’re in the “hot zone” for a recession

There are signs of weakening in white-collar employment. Recent reports indicate that while overall job growth remains strong, the growth in white-collar jobs, particularly in professional and business services, has slowed significantly. This sector has added fewer jobs compared to previous years, and high-income job hiring rates have dropped to their lowest levels since 20143.

See also  This Was the Final Straw to the Global Economy! Weak Auto Production Signals Recession

Sources:

www.usatoday.com/story/money/2024/04/11/cpi-report-white-collar-hiring-slows/73270352007/

www.foxbusiness.com/economy/white-collar-workers-struggling-find-job-labor-market-slows

Views: 72

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.