DAILY DELIBERATIONS 1 FEBRUARY 2023

A drop in temp employment could be bad sign for economy.These are the signs: Residential construction has fallen for six consecutive months; Industrial production has fallen for three straight months; Retail sales have fallen for two straight months; Temporary employment is riding a five-month decline; December’s drop in temporary employment was its biggest since early 2021; There is a bit of a disconnect in the labor market. It’s coming, and when it gets here, you can blame Biden and his Democrats. Oh, and BTW, don’t forget that on Election Day, 2024.

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