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Wednesday, July 10, 2024
US Monthly Jobs Report; Jobs Created Trending Downward for Last 2-1/2 Years
Draw the trend lines for the creation of US jobs over the last 2-1/2 years any way you like and they all end up the same; sloping downward. Keystone draws three trend lines with a purple crayon. He likes purple crayons because they taste like grapes. The jobs created in the US Monthly Jobs Report have leaked lower for the last 2-1/2 years. What part of that don't you understand? Pope Powell shifts his main focus from inflation to the softening labor market perhaps worried that he has waited too long to cut rates.
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