Household employment tends to lead the headline non-farm payrolls survey at turning points in the economy. According to the Household Survey, employment has fallen in 5 out of the last seven months. Not exactly a bullish signal for the economy.
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Jeremy Jones, CFA is the Director of Research at Young Research & Publishing Inc., and the Chief Investment Officer at Richard C. Young & Co., Ltd. Jeremy is a contributing editor of youngresearch.com.