The job market is falling off a cliff.
Most my friends that got laid off can’t apply for unemployment until severance runs out. Biden admin mandated 2 months WARN nationwide.There is a lag in the employment data no one (except DDB at QI) talks about!!!!
Recession is here folks
— Richard Nixon (@TheGoldWindow) March 27, 2024
Same # as those who delude themselves into believing Powell’s folded like a deck of cards
Let’s SOCRATES this
1) CRE LOSSES @ GFC HIGHS?
2) BANKRUPTCIES @ GFC HIGHS?
3) LAYOFFS @ GFC HIGHS?
4) C&I LOANS DOWN YoY?
5) WAGE DISINFLATION?
6) CONSUMER DELINQUENCIES @ GFC HIGHS? https://t.co/1UWCmiEGyZ
— Danielle DiMartino Booth (@DiMartinoBooth) March 27, 2024
Layoff announcements rose 410% year-over-year in February, according to data from the career coaching firm Challenger, Gray & Christmas, the worst February recorded since 2009.
— unusual_whales (@unusual_whales) March 26, 2024