Some of the more cyclical parts of the US labor market have been slowing for a while.
Discussion
Yes. and it has been a long time without a big recession if we don't count the COVID one as one with "normal conditions". But the incoming one could also be still considered the "after COVID" one. But this time central banks cannot repeat the same mistake. Or can they? We will see.
Have you done any work on the number of ‘missing works’ from the work force? I.E the ones who aren’t going back after covid or retired?
How does this graph show Temporary Help Services cycles slowing?
Wait there’s people actually working still?
Tough to make much of anything out of this…is this temporary employees? Migrant farm labor? Part-time (sub-36hrs a week) workers?
Much is skewed by quarantine-times….
And of course the most important question…is the data 3rd party verifiable?