ISM services, employment
The rate of growth has been decelerating due to the fiscal contraction, but remains over 50 which means positive growth: No recession here as employment
The rate of growth has been decelerating due to the fiscal contraction, but remains over 50 which means positive growth: No recession here as employment
Decelerating from post-Covid bounce expansion rates of growth: Decelerating but still at reasonably high levels: Decelerating from the post-Covid war fiscal consolidation but still positive:
Settling in at pre-Covid levels, and the fiscal collapse depresses growth: Down, but still above 50: Still trending lower from the post-Covid fiscal collapse:
After a post-Covid recovery spike, we have settled back to pre-Covid levels, which was well before the rate hikes: Applications have softened. This is the
Manufacturing settling down to ‘neutral’ after peaking well before the rate hikes as post-Covid shortages are alleviated: Labor demand also peaked well before the rate
Growth overall remains sluggish as the economy becomes dependent on private sector credit expansion (private sector deficit spending) to offset the too tight post-Covid fiscal
The post-Covid fiscal deficit reduction continues to take its toll: Higher prices automatically result in a spike in tax receipts: Higher prices, now largely from
Leveling off at approximately pre-Covid levels. The growth rate slowed as deficit spending dropped: Still in expansion but it has come way down with the
Pretty much back on the pre-Covid trend line: But income is on the decline: So consumers are spending more than their incomes, mainly through borrowing:
Employment is still growing. Wages aren’t keeping up with prices so people are taking jobs out of necessity and to get healthcare: No sign of