March 15, 2024 – Financial Sense Wealth Management's CIO, Chris Puplava, explores the widening gap between the US government's optimistic portrayal of a robust economy and a tight labor market, as opposed to the concerning state-level unemployment data, temporary help layoffs, and other indicators that are surging towards levels typically associated with an economic downturn. See charts below discussed on today's show.
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California Unemployment Level Rises to 5.2%
86% of States with Rising Unemployment Above 1-Year Average
Growing Divergence Between Household and Nonfarm Payroll Data
Drop in Fully Employed
Drop in Temp Employment
S&P 500 Breadth
![s&p 500 breadth s&p 500 breadth](https://static.financialsense.com/styles/bli_orig_custom_user_screen_md_min_1x/public/images/2024-03/sp-500-breadth.png?itok=qbKe3Y7-×tamp=1710545579)
Source: Financial Sense Wealth Management, Bloomberg. Past performance is no guarantee of future results. Indices are unmanaged and cannot be invested into directly.
Russell 2000 Breadth
![russell 2000 breadth russell 2000 breadth](https://static.financialsense.com/styles/bli_orig_custom_user_screen_md_min_1x/public/images/2024-03/russell-2000-breadth.png?itok=ch9k1J0P×tamp=1710545685)
Source: Financial Sense Wealth Management, Bloomberg. Past performance is no guarantee of future results. Indices are unmanaged and cannot be invested into directly.