No sign of Recession yet - Jan 6

[dan_s]

Read Newsmax: US Hiring Stays Brisk as Employers Add 223,000 Jobs

America’s employers added a solid 223,000 jobs in December, evidence that the economy remains healthy yet also a sign that the Federal Reserve may have to raise interest rates more aggressively to slow growth and cool inflation.

The December job growth, though a decent gain, amounted to the lowest monthly increase in two years. The unemployment rate fell to 3.5%, matching a 53-year low, the Labor Department said Friday.

Last month’s job growth capped a second straight year of robust hiring during which the nation regained all 22 million jobs it lost to the COVID-19 pandemic. Yet the rapid hiring and the hefty pay raises that accompanied it likely contributed to a spike in prices that catapulted inflation to its highest level in 40 years.

[dan_s]

Note sent to me by one of our super smart members on 1-3-2023

"The3.7% unemployment rate includes the over 4 million excess job seekers that may be
starting to come down to begin moving toward normalcy—the Fed’s remaining concern;

-Still-low 4.5% resulting ’23 unemployment rate will keep consumers spending, GDP
growing—albeit more slowly, thereby cushioning the economy from entering recession."
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MY TAKE: Without a MAJOR RECESSION, demand for oil will exceed supply starting in Q2 2023. I will highlight this on today's webinar that starts at 10AM CT.