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Jay Powell again reiterated that he believes the economy is “on solid footing.” The most recent data on the labor market shows he’s either wrong or lying. There is no equivocating these latest estimates in which hiring has collapsed. As if that wasn’t enough, it was backed up by other sources. All of it pointing to summertime being the time for recession. It’s all about hiring, and that has all but disappeared.Video Length: 00:18:50More By This Author:Car Market Collapse Sends Major Warning To The Economy Is The Election Holding The Economy Back?People Are Desperately Losing Hope In The Labor Market
Jobs Have Completely Stopped Hiring
