Slump in Seasonal Hirings Portends a Soft Holiday Shopping Period
Seasonal hiring down as much as 40% from the recent highs posted in 2021
Highlights
Downside misses are on the cards for this week’s big data points (CPI, PPI, retail sales)
Japanese equity bulls are being rewarded
Soft job postings are another bad omen for the holiday spending season
Trouble in the ad space signals a cyclical downturn
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