The Margolis Manifesto

The Margolis Manifesto

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The Margolis Manifesto
It Looks Like a Recession Is Coming
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It Looks Like a Recession Is Coming

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Matt Margolis
Aug 04, 2024
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The Margolis Manifesto
The Margolis Manifesto
It Looks Like a Recession Is Coming
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The July jobs report from the Bureau of Labor Statistics was a disaster.

Only 114,000 non-farm payroll jobs were added, much lower than expectations and a sharp decline from the 215,000 monthly average seen over the past year. Additionally, revised employment figures for May and June indicated a net reduction of 29,000 jobs from the original estimates.

“T…

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