Financial markets in past fiscal crises; The “gold standard” of employment reports showed a big slowdown in last year’s Q4

Byusadailydose

May 24, 2023 #economic downturn, #Economic Indicators, #employment reports, #financial markets, #fiscal crises, #gold standard, #market analysis, #market volatility, #past, #Past fiscal crises, #Q4, #slowdown, #year

Financial markets in past fiscal crises; The "gold standard" of employment reports showed a big slowdown in last year's Q4

"financial markets fiscal crises gold standard employment reports slowdown Q4"

– by a New Deal Democrat

“financial markets fiscal crises gold standard employment reports slowdown Q4”

I have a post up at Seeking Alpha on the behavior of stocks, bonds and consumers during the 3 fiscal crises of the last decade. Hint: recessions are always disinflationary.

Also of interest: the “gold standard” of employment data is the county’s quarterly Employment and Wages Report, which is not a sample, but a full census of 95% of all businesses. Unfortunately, there are two drawbacks: (1) it doesn’t get reported until almost 6 months later, and (2) it can be reviewed for a full year or more after that.

With these caveats, year-over-year employment through last December slowed from 4.3% at the end of Q3 to +2.6% and a total of 152,318,000 jobs: