Recession signals are becoming more pronounced - says renowned economist David Rosenberg - for AMarkets materials.
The greatest threat comes from the labor market. And this despite the decline in the unemployment rate to 4.7%. Information from the latest report - a large number of Americans came out of the labor force - those people who are desperate to find work and just stopped looking. The most unpleasant - the decline in employment levels in the industrial segment. It is a sign of an approaching recession. In terms of employment segment dipped by 36 thousand jobs -. Is the maximum drawdown from February 2010.
Industry - the industry is very sensitive to economic conditions. According to its dynamics can be seen that, at some point in the economic cycle is America. So, employment in the industrial sector fell for 4 consecutive months. The annual rate of decline - something around 1.2%. This situation could be observed in November 1969, May 1974, December 1979, October 1989, November 2000 and May 2007 - the moments preceding the recession.