Economic Updates

Provided by Paul Hill, Job Search Intelligence (JSI)

If you have followed the downward revisions of employment from the BLS over the past 3 years, they’re still deleting numbers that supposedly reflected jobs — that never existed in the first place. Over 2 million, and counting. The entire narrative of ‘The healthy labor market is indicative of a healthy economy’ was all based on bad data.

Average Business Profitability – Given that 68% of GDP flows off the consumer, we’re following up with the effects on businesses. As budget conscious consumers consolidate more of their purchases into the largest corporations, this leaves less for SMBs.