Ep. 221 - Is The Job Market Really As Strong As The Fed Claims?

Are We Ignoring the Warning Signs in Employment Data? In episode 221, Quinton Harris tackles the complexities of current employment data and its interpretation by the Federal Reserve. He addresses recent feedback about credit card debt, providing compelling evidence that homeowners actually carry three times more credit card debt than non-homeowners, challenging misconceptions about debt distribution across housing status. This episode focuses on troubling trends in employment data, particularly the significant differences between initial reports and subsequent revisions. Quinton presents evidence of a contracting job market, including a 27% increase in job cuts and the lowest hiring announcements in 10 years, suggesting the Federal Reserve's narrative of a resilient job market might be missing crucial warning signs of economic change. [00:00] - Tribute to Bill Flemister [01:18] - Response to Credit Card Debt Episode Feedback [03:03] - Analysis of Homeowner vs. Renter Credit Card Debt [07:45] - Job Report Analysis [09:09] - Manufacturing Job Losses [09:52] - ADP Report Revisions Discussion [13:08] - Challenger Job Cut Report Analysis Key Quotes: "The job market is constricting, it's not improving." - Quinton Harris ______________________ Connect with us: Facebook: https://www.facebook.com/whatsyour1more Twitter: https://twitter.com/whatsyour1more Instagram: https://www.instagram.com/whatsyour1more Spotify: https://open.spotify.com/show/37zPGiz... LoanPeople: www.loanpeoplejax.com Please subscribe, like, and leave a comment to let us know you want to keep the content coming!