California’s labor market has spiraled from the loosest to the highest unemployment rate.

California has the loosest labor market in the country – started discussing the unemployment dynamic here back in August of 2023. Now has highest unemployment rate and 6% fewer job postings than pre-Feb 2020. Unemployment is rising in 10 largest counties. UR moving opposite… pic.twitter.com/m2MmviTeME — Don Johnson (@DonMiami3) May …

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Loose As A Goose? US 30Y Yield Tumbles Back Below 4.00%, Financial Conditions Loosest Since May 2022

by confoundedinterest17 Are US financial conditions loose as a goose? Despite resilience in US data, 30Y Yields have plunged back below the 4.00% Maginot Line this morning… Source: Bloomberg The last few weeks have seen US macro data reverse its recent trend of disappointment… Source: Bloomberg The long-end of the curve …

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