March nfp only increased 1.15%yoy. In the last 85yrs when labor growth dipped below that level we were in a recession 10 of the 14 occurrences.
The 4 times labor growth drops below 1.15% outside of recession (when the recession started)👇
Jul07 (Dec07)
Jun57 (Aug57)
June52 (Jul53)
Jan44 (Feb45)
March nfp only increased 1.15%yoy. In the last 85yrs when labor growth dipped below that level we were in a recession 10 of the 14 occurrences.
The 4 times labor growth drops below 1.15% outside of recession (when the recession started)👇
Jul07 (Dec07)
Jun57 (Aug57)
June52 (Jul53)
Jan44 (Feb45)