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September new jobs higher than expected, is this a 'soft landing' ?
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David Lee cm joined discussion · Oct 5, 2024 07:49

Job growth mainly in part time jobs

$Short S&P 500 Proshares (SH.US)$ I was surprised by how strong the us payrolls data was in September 2024. If you look closely, growth was mainly in three sectors, apart from government sector, the rest are most probably part time service jobs.
Us consumers are stretched and are now living on credit, soon banks will also cut off their credit if they can't pay up.
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    David Lee cm
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