Diminishing Savings Rates Bullish for Strong Labor Market
This chart may help explain a return to a stronger labor market. In blue is the personal savings rate (% of PDI) & the amount of people unemployed (orange).
As savings are used up, people may look to employment for additional capital to support their living.
Rolling 2yr-r = 83%
As savings are used up, people may look to employment for additional capital to support their living.
Rolling 2yr-r = 83%
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.