Challenger Jobs Report: Signs of Softening

The Challenger Jobs Report showed 153,000 job cut announcements in October the highest level for that month in 22 years.

Year-to-date, we’ve now seen over 1 million job cut announcements.

So why all the doom and gloom, Jack?

Because this is exactly the kind of data point that gives the Fed room to cut rates. Inflation may still be their official mandate, but it’s clear that jobs have taken the front seat in their decision-making.

Are the Fed Speakers Reading the Same Book?

Listening to the recent Fed speakers, you start to wonder if they’re reading from the same book as the rest of us.

Yes, the unemployment rate sits at 4.4%, which on the surface means 95.6% of people are working. Sounds strong, right?

But dig a little deeper not long ago, we had a 2-to-1 ratio of job openings to available workers. Today, that’s down to 1-to-1, a clear sign that the job market is cooling faster than the headlines suggest.

Lets get you pre-qualified http://www.YourApplicationOnline.com