Heterodox
October jobs report: late cycle deceleration and deterioration – by New Deal democrat With the sharp increases in interest rates, and the complete stalling of real consumer spending measured YoY, since early this year I have expected employment to follow suit, decelerating over time to a stall. And the three month average in employment gains since February decelerated from over 500,000 to 372,000 through September. Because jobless claims,...
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