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The Kobeissi Letter

@kobeissiletter

Official X account for The Kobeissi Letter, an industry leading commentary on the global capital markets. Email us: [email protected]

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The Kobeissi Letter
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18 days ago

Government hiring is inflating jobs numbers. Private sector jobs growth as % of total payroll growth fell to 38% in July, the lowest since the 2020 pandemic. Historically, every time the private payroll growth share fell below 40%, the US economy was in a recession. This also

Government hiring is inflating jobs numbers. Private sector jobs growth as % of total payroll growth fell to 38% in July, the lowest since the 2020 pandemic. Historically, every time the private payroll growth share fell below 40%, the US economy was in a recession. This also