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Open original source ↗Relentless trajectory of job losses has landed us w/a cycle ending in net job less territory w/Permanent Job Losers (those out of work and seeing new employment for 27 weeks or longer) surpassing that of job leavers, those unemployed for 5 weeks or less
Is THIS the time to hike? https://t.co/LcHX9vwObE
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@DiMartinoBooth @uscensusbureau Yes there's arguably underlying weakness in the labor market but by no means would I use this chart alone to boil it all down to a recession (at least not yet), and certainly not since 2023!
Joe19nn ↗