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%