March 15, 2024 – Financial Sense Wealth Management's CIO, Chris Puplava, explores the widening gap between the US government's optimistic portrayal of a robust economy and a tight labor market, as opposed to the concerning state-level unemployment data, temporary help layoffs, and other indicators that are surging towards levels typically associated with an economic downturn. See charts below discussed on today's show.
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California Unemployment Level Rises to 5.2%
Source: Bloomberg, Financial Sense Wealth Management
86% of States with Rising Unemployment Above 1-Year Average
Source: Bloomberg, Financial Sense Wealth Management
Growing Divergence Between Household and Nonfarm Payroll Data
Source: Bloomberg, Financial Sense Wealth Management
Drop in Fully Employed
Source: Bloomberg, Financial Sense Wealth Management
Drop in Temp Employment
Source: Bloomberg, Financial Sense Wealth Management
S&P 500 Breadth
Source: Financial Sense Wealth Management, Bloomberg. Past performance is no guarantee of future results. Indices are unmanaged and cannot be invested into directly.
Russell 2000 Breadth
Source: Financial Sense Wealth Management, Bloomberg. Past performance is no guarantee of future results. Indices are unmanaged and cannot be invested into directly.
Russell 3000 Breadth
Source: Financial Sense Wealth Management, Bloomberg. Past performance is no guarantee of future results. Indices are unmanaged and cannot be invested into directly.
