The Christmas shopping season is off to a poor start, with dim results coming in from various sources showing lower traffic and slower spending. The reason is easy enough to identify, starting with the latest labor report from the government. Hiring fell sharply before summer and never came back, all of that leading up to the holidays.
Eurodollar University's Money & Macro Analysis
WEBINAR DEC 11 w/Jim Rickards
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Bloomberg Tally of US Shoppers Slipped During Key Holiday Weekend
https://www.bloomberg.com/news/articles/2024-12-03/tally-of-us-shoppers-slipped-during-key-holiday-weekend
CSA Cyber Monday online sales hit new record of $13.3 billion
https://chainstoreage.com/cyber-monday-online-sales-hit-new-record-133-billion
Investing.com US JOLTs Job Openings Surpass Forecasts, Indicating Stronger Labor Market
https://za.investing.com/news/economic-indicators/us-jolts-job-openings-surpass-forecasts-indicating-stronger-labor-market-93CH-3450582
Observer.com ‘Ghost Jobs’ Are on the Rise—And They Are Hurting More Than Just Job Hunters
https://observer.com/2024/06/ghost-job-rise-labor-data/
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What is Eurodollar University?
Jeff Snider will guide you through the realm of monetary science. Multiple episodes uploaded each week, discussing big news and key current events, the state of markets and what they are telling you, as well as historical summaries and deep background material so that you can understand what’s really going on in this eurodollar’s world.