The Pomp Letter
The Pomp Letter
Is The Great Layoff Upon Us?
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Is The Great Layoff Upon Us?

To investors,

Many officials and politicians have pointed to the strong labor market as a defense for their claim that the US is not in a recession. The theory is that the current 3.6% unemployment rate, which has fallen drastically from the peak of more than 14% in April 2020, highlights that the economy is strong and people continue to be employed.

The …

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