Understand looking at employment but what about full time jobs that are basically static vs a year ago vs part time jobs that have been growing...shouldn't the economy be generating full time jobs so folks can actually live a full life and pay all their bills on time vs the poll I read this week that 42% of Americans struggle to pay bills every month
The multiple jobholders section of the Household data is a depressing read. Multiple jobholders are up. Full time plus a secondary part time is up. Two part time jobs are up. "Hours vary" is up. Try and get Congress to raise the Federal minimal wage. My tryout for the Celtics will come before that. Not saying it's pretty, but it is a time series of money flow now. Beats no income and credit card defaults, which will be going up anyway. Toss a contraction in for 2025 as a theoretical scenario with a trade war and mass deportation disruption and this year's payroll profile will look pretty good. In the meantime, the PCE lines still will be a question of how long the party lasts.
Understand looking at employment but what about full time jobs that are basically static vs a year ago vs part time jobs that have been growing...shouldn't the economy be generating full time jobs so folks can actually live a full life and pay all their bills on time vs the poll I read this week that 42% of Americans struggle to pay bills every month
The multiple jobholders section of the Household data is a depressing read. Multiple jobholders are up. Full time plus a secondary part time is up. Two part time jobs are up. "Hours vary" is up. Try and get Congress to raise the Federal minimal wage. My tryout for the Celtics will come before that. Not saying it's pretty, but it is a time series of money flow now. Beats no income and credit card defaults, which will be going up anyway. Toss a contraction in for 2025 as a theoretical scenario with a trade war and mass deportation disruption and this year's payroll profile will look pretty good. In the meantime, the PCE lines still will be a question of how long the party lasts.