• Jobs Have Completely Stopped Hiring

  • Jul 31 2024
  • Duración: 17 m
  • Podcast

Jobs Have Completely Stopped Hiring

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  • Resumen

  • Hiring in the US absolutely plunged in June, so much you really have to see it to believe it. At the same time, global fast food giant McDonalds reported lower same store sales for the first time since 2020. The reason why people can no longer afford to eat as much under the golden arches isn't necessarily price changes, what's changed recently is the alarming retreat in employment.

    Eurodollar University's Money & Macro Analysis

    BLS JOLTS press release July 30, 2024
    https://www.bls.gov/news.release/jolts.nr0.htm

    CNBC McDonald’s earnings, revenue miss estimates as consumer pullback worsens
    https://www.cnbc.com/2024/07/29/mcdonalds-mcd-q2-2024-earnings.html

    CNBC McDonald’s executives admit diners think prices are too high, say they’re working to create value
    https://www.cnbc.com/2024/07/29/mcdonalds-earnings-executives-say-prices-are-too-high.html

    Philly Fed Large Bank Credit Card and 
Mortgage Data
    https://www.philadelphiafed.org/surveys-and-data/large-bank-credit-card-and-mortgage-data
    https://www.eurodollar.university
    Twitter: https://twitter.com/JeffSnider_EDU
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