Post great recession of 07-09, many including ourselves were not certain just what the rate of Employment or Unemployment the US economy would run at in the future.
- It was different this time many said?
- Technological advances and replacement would push many out of employment?
- Aging demographics may push the rates to different/higher/lower levels?
With almost 10 years in the books since the great recession began, we now know just what did change? Not much!
Full Employment/Unemployment history
Taking a look at this chart from FRED a research tank at the St Louise Federal Reserve, while it took longer to get back to historical levels, it finally has.
Granted there can be debates on the scope of the current employment rate, but from a high level measure stick such as this, it looks normal.
This longer term fantastic chart from this research report of the San Francisco Federal Reserve, shows the same.
Why did it take so long to normalize?
One good question many have asked is why did it take so long to normalize again?
The great recession was just that, so GREAT, it really put dents in the economy making this one of the slowest recoveries on record.
The weakest recovery line (slowest and lowest in the chart) represents this recovery. (This chart from our friends at JPMorgan.)
The good news about such a slow recovery is that is has also become one of the longest, due to just that fact, slow and gradual, and certainly not overheating!
Have a Great Full Employment Day!
John A. Kvale CFA, CFP
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
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Q3 2022 J.K. Financial, Inc. Newsletter … Positives Graphic Theme … Video Audio Podcast Review ! By John Kvale CFA, CFP …
Welcome to our Video and Audio Podcast Review of our Q3 2022 Newsletter. For those on the road or just unable to grab the time to read, our podcast type review gives you the behind the scenes insight to our thoughts, observations and deep views of the entire Newsletter.
BREAK IN – Our new format of greater articles continues as we received many positive comments last quarter…. this quarter we run with it again, but we do have a constant theme…. Positives!
Click the Download button below, for a direct link to an electronic version (an early peek-good ole fashion paper versions are on their way to you shortly) and here for our Newsletter page
Let’s get going! We hope you enjoy!
Q 3 2022 Newsletter
(YouTube)
With just shy of 10 charts, we plucked out our favorite three and Review them here in great detail:
In the video, we go into great detail and each one and we hope you enjoy!
TSA throughput is back to almost 2019 levels without the road warrior business traveler!
Being social folks, after a large spike in eating at home (red line), the continued progression and overtake of eating out has occurred!
Lot’s of ways to look at this, but in our positive eyes, more inventory means better options, especially for new home owners!
We hope you enjoy our over the top Positives … talk to you in the fall!
John A. Kvale CFA, CFP
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
www.jkfinancialinc.com
www.street-cents.com
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Posted in Economy, General Financial Planning, Interest Rates, Investing/Financial Planning, Market Comments, Newsletters, Podcast, Video
Tagged FOMC, FRED, Housing Inventory, Interest Rates, JOLTS, Newsletter, positives, St Louis Fed, TSA, TSA Throughput, Unemployment Rate