The only thing I am not hearing here is about the state of the economy. A lot of people are laid off or getting laid off. How is that going to impact the housing market?
Jobless claims are still low, and we haven't had one negative jobs report since Covid, with over 162,000,000 people working both non-farm payroll and self employed attached
@@LoganMohtashami thanks for your response , while those numbers don’t reflect what I am seeing, i understand how you could draw the conclusion that the labor market is still healthy
The labor market has been softer since last year, as shown by the job openings data, but mass unemployment isn't in the data, as claims are still low. However, parts of the U.S., for example, where you live, I would imagine, have a lousy economy, hence why we see a 7.1 Unemployment rate with high school dropouts. Where in the U.S. do you live? I'd like to look at the data see the softness like I see in California's service economy
@@LoganMohtashami I live in Washington state. A lot of people have been laid off in tech around here. Most people I know have had great severance packages so it may just be delaying when these numbers will show up. It does not appear like most of the tech jobs around here are coming back due to AI and being outsourced.
@@Abdul-nt9uk So you're talking about tech layoffs only; I would imagine the service sector in your state has some local hits as well; college-educated Americans have meager unemployment rates and always have. High School dropouts is not the case; it's up to 7.1% today nationally; that is where the traditional pain is because they don't have lofty severance plans to live off.
Is the 15 year range bound?
I’m blown away by these spreads. Old and slow is so passé. Kashkari is going to have a fit.
The only thing I am not hearing here is about the state of the economy. A lot of people are laid off or getting laid off. How is that going to impact the housing market?
Jobless claims are still low, and we haven't had one negative jobs report since Covid, with over 162,000,000 people working both non-farm payroll and self employed attached
@@LoganMohtashami thanks for your response , while those numbers don’t reflect what I am seeing, i understand how you could draw the conclusion that the labor market is still healthy
The labor market has been softer since last year, as shown by the job openings data, but mass unemployment isn't in the data, as claims are still low. However, parts of the U.S., for example, where you live, I would imagine, have a lousy economy, hence why we see a 7.1 Unemployment rate with high school dropouts.
Where in the U.S. do you live? I'd like to look at the data see the softness like I see in California's service economy
@@LoganMohtashami I live in Washington state. A lot of people have been laid off in tech around here. Most people I know have had great severance packages so it may just be delaying when these numbers will show up. It does not appear like most of the tech jobs around here are coming back due to AI and being outsourced.
@@Abdul-nt9uk
So you're talking about tech layoffs only; I would imagine the service sector in your state has some local hits as well; college-educated Americans have meager unemployment rates and always have. High School dropouts is not the case; it's up to 7.1% today nationally; that is where the traditional pain is because they don't have lofty severance plans to live off.