A few charts from Jake highlight the weakness in the Labor Market:
The broadest measure of Unemployment has now hit 17%
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We continue to see hours worked look pretty ugly — this is not a positive sign, as it is a leading component of NFP.
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Lastly, I really like weird optical illusion with this one — it does not look like the X axis is perfectly horizontal . . .
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Markets are about to open — gotta jump . . .
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