The Kobeissi Letter says the US is in a hiring recession, pointing to hires as a share of employment falling to near pandemic lows and the lowest since 2011.
The US economy is going through a hiring recession:
The number of hires as a % of total employment fell -0.3 percentage points in February, to 3.1%
in-line with the 2020 pandemic low
This is also the lowest level since January 2011
This finding is one of many signals tracked across Stock Market. The live feed updates every few hours with new authority voices, debates, and emerging ideas.
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