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It's Deja Vu All Over Again. When Can We Get Back To Planet Earth?

Oct. 01, 2015 Source: Toby Dayton, LinkUp CEO

Exactly 2 years ago to the day, amidst my Breaking Bad binge-fest, I wrote the following as the lead-in to our September jobs nonfarm payroll forecast…

And just like October of 2013, we are teetering once again on the brink of recession as a weakening U.S. economy is increasingly unable to remain immune to a seriously sick global economy. Over the past few months, economic indicators have turned from decent to perfectly mixed to slightly negative. Unfortunately, tomorrow’s jobs numbers are going to be far worse than expected, pushing things even further into the decidedly negative category.

Based on steep declines in new and total job openings in LinkUp’s job data in August, we are forecasting that the U.S. economy added a net gain of only 75,000 jobs in September.

LinkUp NFP report forecast - September 2015

While one could rightly argue that larger global forces such as China, the dollar, and Europe are far more responsible for potentially expediting a recession than the G.O.P., there is no doubt that Republicans have obstinately refused, at every turn, to strengthen and extend the recovery, invest in our future, or help sensibly manage the nation’s affairs. As Krugman so eloquently points out, it says everything you need to know about The G.O.P. these days that Donald Trump is more sensible on economics than any Republican candidate for President. How terrifying.

Were it only possible to get up and walk out of the room like Woody Allen, who says to Christopher Walken after the latter’s confession about his suicidal tendencies, “Right. Well I have to go now Duane, because I’m due back on the planet Earth.”

Every month we forecast the NFP report, stay up-to-date on the most recent nonfarm payroll forecast.

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