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Job market shows signs of slowing: Will rate cuts begin earlier?
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Americans are struggling

The number of people working MULTIPLE jobs in the US hit a near-record of 8.4 MILLION in May 2024.
That's a jump of 3 MILLION people since the pandemic low in 2020. This probably explains why part-time employment is skyrocketing, up +286,000 in May. All while full-time employment fell by -625,000 over the last month.
The reality is that many Americans are struggling and working multiple jobs to "fight" inflatiion
Source: Bloomberg
Source: Bloomberg
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