Digging into the JOLTs data this week, we found a few pearls of enlightenment that the mainstream media did not cover. Here's another. Here's another. The level of firings and layoffs has fallen to the same level that it reached at the top of the housing bubble. Likewise the ratio of hirings to firings is now only slightly below the level reached at the top of the housing bubble.
JOLTS to Jobs- More Insights
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David Stockman’s Contra Corner isn’t your typical financial tipsheet. Instead it’s an ongoing dialogue about what’s really happening in the markets… the economy… and governments… so you can understand the world around you and make better decisions for yourself.
David believes the world -- certainly the United States -- is at a great inflection point in human history. The massive credit inflation of the last three decades has reached its apogee and is now going to splatter spectacularly.
This will have lasting ramifications on how governments tax and regulate you… the type of work you and your family members will have available and what you get paid… the value of your nest egg… and all other areas comprising your quality of life.