The Signs Of A Slowing Job Market Are Visible And Many

by Mac Slavo | Sep 11, 2019 | Forecasting, Headline News | 16 comments

[dipl_text_animator animated_text=”Do you LOVE America? | Do you WANT our borders secured? | Don’t miss on the latest news | Subscribe and stay informed!” animation_layout=”zoom” animation_time=”740ms” animation_hold=”5010ms” _builder_version=”4.24.0″ _module_preset=”default” global_text_settings_text_align=”center” global_text_settings_text_color=”#FFFFFF” global_colors_info=”{}”][/dipl_text_animator]
[contact-form-7 id=”6521033″ title=”Article Subscribe”]

Share

Signs that the job market is slowing have been piling up this week. One of the “brightest” and most touted pieces of the American economy is showing cracks, and many are taking notice.

It took a little time, but United States businesses have warned over the past year that the effects of tariffs would ripple into the labor market.  We continued to warn that the effects of this trade war on the American worker and consumer would be felt heavily, while the nation of China is left largely unscathed. But until now, it appears that not many have listened.

According to Business Insider, the Labor Department on Tuesday said the number of job openings fell by 31,000 in July to a seasonally adjusted 7.2 million, the latest sign of weakening labor demand. The results showed openings remained plentiful, but they came just days after the department reported weaker-than-expected figures for August employment.

“Last week’s jobs report sparked a debate over whether the slowdown in hiring is due to an economy hitting full employment, but today’s JOLTS report indicates that this is actually a labor market that is losing momentum,” said Nick Bunker, an economist at Indeed Hiring Lab.

The US added 130,000 nonfarm payrolls in August, a slowdown from a month earlier and compared with forecasts for an addition of 160,000. Economists said the real increase was closer to 105,000 last month, however, without taking into account a wave of temporary workers hired for the 2020 census. Earlier Tuesday, the National Federation of Independent Business said small firms reported fewer open positions that they could not fill in August as outlooks for the economy dimmed.

“The good news — relatively — is that capex plans rose a point, though the trend remains weak and continues to signal a clear downshift in business investment through the end of this year and into early 2020,” said Ian Shepherdson, the chief economist at Pantheon Macroeconomics according to Business Insider

The downturn in the economy has been obvious for a little while, and Trump’s trade war is shaking things up in the wrong way. A majority of Americans think a recession will hit the U.S. next year, and most are blaming Trump for starting an economically devastating trade war. 

[the_ad_group id=”24571″]

URGENT ON GOLD… as in URGENT

It Took 22 Years to Get to This Point

Gold has been the right asset with which to save your funds in this millennium that began 23 years ago.

Free Exclusive Report

The inevitable Breakout – The two w’s

[email-download download_id=”345496″ contact_form_id=”19fc5e7″]

Related Articles

[the_ad_group id=”30340″]

Comments

Join the conversation!

It’s 100% free and your personal information will never be sold or shared online.

0 Comments

Submit a Comment

Commenting Policy:

Some comments on this web site are automatically moderated through our Spam protection systems. Please be patient if your comment isn’t immediately available. We’re not trying to censor you, the system just wants to make sure you’re not a robot posting random spam.

This website thrives because of its community. While we support lively debates and understand that people get excited, frustrated or angry at times, we ask that the conversation remain civil. Racism, to include any religious affiliation, will not be tolerated on this site, including the disparagement of people in the comments section.

[dipl_ajax_search search_placeholder=”Article Search” display_fields=”on|on|off|off” search_result_box_bg_color=”#870404″ search_icon_font_size=”20px” search_icon_color=”#870404″ loader_color=”#870404″ _builder_version=”4.17.4″ _module_preset=”default” search_result_item_title_font_size=”14px” search_result_item_excerpt_font_size=”11px” border_color_all_form_field=”#870404″ global_colors_info=”{}”][/dipl_ajax_search]

[the_ad_group id=”30343″]

[the_ad_group id=”30344″]

[620studio_custom_posts post_type=”report” columns=”1″ limit=”1″ category_id=”23503″ caption=”no” date=”no” title=”no”]