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Show Notes
The level of hiring in the US has collapsed in a way we haven't seen since 2008 and 2009 (outside the pandemic lockdowns). JOLTS survey results show the largest 6-month decline in hiring of any same-sized period over the entire 21st century (ex. '20). The labor market is more than halfway into recession; but what about that other half?
Eurodollar University's Money & Macro Analysis
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#recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #ratecuts #federalreserve #fomc #fedpivot #jobs #unemployment #employment