The Pomp Letter
The Pomp Letter
Are Unemployment, Jobs, And Salaries Sounding The Recession Alarm?
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Are Unemployment, Jobs, And Salaries Sounding The Recession Alarm?

To investors,

We saw the unemployment rate skyrocket to double-digits during the middle of 2020. This phenomenon was driven by government mandated lock downs, which forced businesses to shut down and led to revenue falling to $0 in many cases. When these businesses lost most, if not all, of their revenue, they were forced to cut costs and labor expenses …

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