I have talked about the Leading Economic Indicator and it has been declining for about 2 years.
Thanks for the comments Jim, I agree the economy and jobs are not as strong as perceived. I wrote about it in my 2024 Outlook. I call the Fed and government the masters of economic data because they massage and adjust as needed. Never much reality
Per ZH: https://www.zerohedge.com/economics/inside-most-ridiculous-jobs-report-recent-history
The 353K 'jobs' number had one job. Knock down the gold price $25 at 8:30 AM on schedule.
The job numbers are absolute fiction.
Thanks for the comments Jim, I agree the economy and jobs are not as strong as perceived. I wrote about it in my 2024 Outlook. I call the Fed and government the masters of economic data because they massage and adjust as needed. Never much reality
Per ZH: https://www.zerohedge.com/economics/inside-most-ridiculous-jobs-report-recent-history
The 353K 'jobs' number had one job. Knock down the gold price $25 at 8:30 AM on schedule.
The job numbers are absolute fiction.