• 844 days Will The ECB Continue To Hike Rates?
  • 844 days Forbes: Aramco Remains Largest Company In The Middle East
  • 846 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,246 days Could Crypto Overtake Traditional Investment?
  • 1,251 days Americans Still Quitting Jobs At Record Pace
  • 1,253 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,256 days Is The Dollar Too Strong?
  • 1,256 days Big Tech Disappoints Investors on Earnings Calls
  • 1,257 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,259 days China Is Quietly Trying To Distance Itself From Russia
  • 1,259 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,263 days Crypto Investors Won Big In 2021
  • 1,263 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,264 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,266 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,267 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,270 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,271 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,271 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,273 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

Keeping Things In Perspective

The calls for an economic soft patch are growing louder in the face of the ADP print today above expectations. The 13 weeks of weekly claims above 400,000 is not being dismissed simply not discussed.

Keep in mind what ADP and NFP reported before the start of the Great Recession. Additionally remember GDP was 2.9% in Q4 2007 even though the recession began in December of that year and Q1 2008 would contract at 0.7%.

Imagine the calls in December 2007 of the soft patch or the "Goldilocks" economy.

ADP Monthly Private Payroll

Monthly Changes in Non Farm Payroll

 

Back to homepage

Leave a comment

Leave a comment