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There is no way out for the National of Bureau of Economic to Officially declare we are in a Recession in any week of October/November
The U.S. is only in a recession if it is officially declared by the National of Bureau of Economic Research, and they have not done that yet.
as you know, there has been a lot of talk recently.
HERE IS WHY:
They are waiting to see if the S&P 500 drops below the Weekly MA200 to make it official.
whether they like it or not!
Nasdaq is dipping slightly below WMA200 1.5 hours after market close
like, Dow Jones Industrial
(DJI) will close below WMA200 Shortly
We are in a recession. we have two quarters of declining GDP'
Q1-2022 with -1.6%
Q2-2022 with -0.6%
That often happens with a recession, there is a reason people talk about that.
Labor market still printing new payroll job numbers
the unemployment rate fell to 3.5 %, matching its lowest level in the last 50 years (Matched pre-pandemic levels).
you can say is very, very strong
in U.S. in July 2022 were over 11.2 million job openings.
That shows there's a shortage of workers for available positions
The other part of the economy, like tech and e-commerce and real estate, that experienced explosive growth during the pandemic and that are perhaps kind of tilting back to normal now. that perhaps expanded too quickly, and grew too fast.
And now needs to rein in their belts a little bit
we're seeing all kinds of headlines about recession and layoffs
Layoff rate has stayed under 1% of the workforce.
that is 1.4 million people as July.
that is close to historic lows.
in restaurants and in hospitals, it's kind of almost impossible to get fired right now.
there are shortages of talent that companies are kind of prepared to give workers a second chance.
The federal Reserve is raising interest rates at this point in an effort to slow down the job market, and that's going to mean more layoffs.
Layoffs are already hitting the tech sector, like Klarna, snap, even Best Buy and Wal-Mart.
now companies like Google are hinting at potencial cuts as more and more CEOs expect a recession
for now, it doesn't look as though we are in a recession, yet.
many people are betting that we will be in a recession by the end of the year, however.
it's hard to say what indicators are best to watch right now.
but one you can rely on is (Consumer Confidence Index)
Companies trying to slow down their hiring a little bit.
a recent PWC survey found 52% of companies now have hiring freezes, while 44% are rescinding job offers and 46% are getting rid of new hire signing bonuses. and roughly 50 % of companies surveyed are reducing their overall headcount.
I expect layoff to rise.
the Reserve is raising interest rates at this point in an effort to slow down the job market, and that's going to mean more layoffs.
we will see layoffs pick up going forward.
There is no way out for the National of Bureau of Economic to Officially declare we are in a Recession in any week of October/November
The U.S. is only in a recession if it is officially declared by the National of Bureau of Economic Research, and they have not done that yet.
as you know, there has been a lot of talk recently.
HERE IS WHY:
They are waiting to see if the S&P 500 drops below the Weekly MA200 to make it official.
whether they like it or not!
Nasdaq is dipping slightly below WMA200 1.5 hours after market close
like, Dow Jones Industrial
(DJI) will close below WMA200 Shortly
We are in a recession. we have two quarters of declining GDP'
Q1-2022 with -1.6%
Q2-2022 with -0.6%
That often happens with a recession, there is a reason people talk about that.
Labor market still printing new payroll job numbers
the unemployment rate fell to 3.5 %, matching its lowest level in the last 50 years (Matched pre-pandemic levels).
you can say is very, very strong
in U.S. in July 2022 were over 11.2 million job openings.
That shows there's a shortage of workers for available positions
The other part of the economy, like tech and e-commerce and real estate, that experienced explosive growth during the pandemic and that are perhaps kind of tilting back to normal now. that perhaps expanded too quickly, and grew too fast.
And now needs to rein in their belts a little bit
we're seeing all kinds of headlines about recession and layoffs
Layoff rate has stayed under 1% of the workforce.
that is 1.4 million people as July.
that is close to historic lows.
in restaurants and in hospitals, it's kind of almost impossible to get fired right now.
there are shortages of talent that companies are kind of prepared to give workers a second chance.
The federal Reserve is raising interest rates at this point in an effort to slow down the job market, and that's going to mean more layoffs.
Layoffs are already hitting the tech sector, like Klarna, snap, even Best Buy and Wal-Mart.
now companies like Google are hinting at potencial cuts as more and more CEOs expect a recession
for now, it doesn't look as though we are in a recession, yet.
many people are betting that we will be in a recession by the end of the year, however.
it's hard to say what indicators are best to watch right now.
but one you can rely on is (Consumer Confidence Index)
Companies trying to slow down their hiring a little bit.
a recent PWC survey found 52% of companies now have hiring freezes, while 44% are rescinding job offers and 46% are getting rid of new hire signing bonuses. and roughly 50 % of companies surveyed are reducing their overall headcount.
I expect layoff to rise.
the Reserve is raising interest rates at this point in an effort to slow down the job market, and that's going to mean more layoffs.
we will see layoffs pick up going forward.
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