MacroEdge April Labor Market Report: Labor Continues Cooling and Fed Shows Their Cards
In the April MacroEdge Labor Market Report - we cover all the critical labor market data released Friday, including our updated Labor Market Health Index, risks to the labor market ahead, & more.
Happy Saturday everyone,
Currently enjoying an adventure-packed Formula 1 weekend here in Miami - plenty of overpriced beverages and food items floating around. A unique crowd to be hanging around and of course some nice exposure for us here at MacroEdge to bump shoulders with some people much more important than I.
Hopefully you all enjoyed the MacroEdge Radio edition #6 yesterday. We’re discussing a permanent shift to that time slot so we’ll keep you posted once a final decision is made.
Make sure to join us for MacroEdge Ozone here, for all the latest:
Yesterday we got another crucial batch of labor market data. As we had been anticipating and as seen in our Job Cuts Tracker data - the labor market cooled noticeably in April. In this April Labor Market report we’ll take a look at the most important data from the month including:
Final Job Cuts Tracker update
Unemployment Rate Deep Dive
Nonfarm Payrolls Overview
Other Important Data to Watch (NFIB, Household data, & more)
What’s Ahead
Final April Job Cuts Tracker Update
The MacroEdge Job Cuts Tracker hit a new high in April, registering over 114,000 job cuts:
U-6 Unemployment Rate v MacroEdge Job Cuts Tracker demonstrates a very interesting correlation:
