The last 3 times ISM Manufacturing was this low, the US economy was in or about to be in a recession. You have to go back to 1995-96 to find a lower reading with no recession. pic.twitter.com/xQbgqxs1mi
— Charlie Bilello (@charliebilello) April 5, 2023
Surge in financial services job losses: -51,000 in March on the back of the bank crisis. Other jobs lost were in manufacturing, information and professional services pic.twitter.com/L5oZdcb6lr
— zerohedge (@zerohedge) April 5, 2023
There has been a notable decrease in realtors as % of labor force, per Jeff Weniger.
It lost 54,056 members in three months: pic.twitter.com/QCKuh9WmPP
— unusual_whales (@unusual_whales) April 5, 2023
2/3
Powell looks at the ratio of open jobs to unemployed. The latest reading is 1.67 open jobs for every unemployed person (bottom panel).
It is down from last year's peak but way above anything we have seen pre-pandemic. pic.twitter.com/SnM14jJfvc
— Jim Bianco biancoresearch.eth (@biancoresearch) April 4, 2023
US worker productivity has witnessed a year-over-year decline in each of the last four quarters. What's going on? pic.twitter.com/J2new6IOuK
— Jeff Weniger (@JeffWeniger) April 5, 2023
🇺🇸 Recession
The likelihood of a recession in the US over the next 12 months continues to increase
👉 https://t.co/m11iBkSWhch/t @SoberLook #markets #US #economy #GDP $spx #spx#economics #growth #recession #recessions #investing pic.twitter.com/nImJo1nzIH
— ISABELNET (@ISABELNET_SA) April 5, 2023