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  • Alex Haseldine

Not As Strong As It Seems

On the surface, November payrolls seem robust. Under the surface however, other indicators show some early signs of a slowing labour market.

Household employment levels are virtually flat over the last 9 months.

US Challenger layoffs jumped in November from 33.8k to 76.8k, a pattern which has occurred at the start of previous recessions. However, almost 70% of these layoffs have taken place in the technology sector, while other sectors show no real sign of slowing.


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