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Personal income, Mortgage apps, ADP private employment, Chicago PMI

Transfers coming down is slowing GDP growth: Housing continues to slow/ the post covid bounce is fading: Making a comeback but still a long way to go. This is a major driver of personal income. It also shows a lot of people are taking jobs, contrary to headlines of worker shortages: This is only through […] The post Personal income, Mortgage apps, ADP private employment, Chicago PMI appeared first on The Center of the Universe .

Transfers coming down is slowing GDP growth:

Housing continues to slow/ the post covid bounce is fading:


Making a comeback but still a long way to go. This is a major driver of personal income. It also shows a lot of people are taking jobs, contrary to headlines of worker shortages:


This is only through April, but note that new hires are up to about 6 million jobs per month:


Another indicator the pace of the post covid recovery is fading:

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The post Personal income, Mortgage apps, ADP private employment, Chicago PMI appeared first on The Center of the Universe.

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