I’ll make this quick.
I speak a lot about U.S. stock market valuations because they are at historical extremes exceeding both the pre-Great Depression peak and the Dot-Com Bubble peak, however, today I wanted to focus on the labor market, specifically. It’s important we understand the progress that’s been made there.
From February to April the U.S. lost over 22 million jobs. This caused the official unemployment rate to skyrocket to almost 15% from 3.5%. There was a bit of a v-shaped bounce starting in April/May as some jobs were quickly regained. However, job growth has begun stalling. Continue reading “Labor Market and Small Business Health Update”