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by jupp0r 1253 days ago
Retirement doesn't explain the economy adding 230k jobs. Retirement leads to the same jobs being backfilled.

Housing market is a completely different discussion. Interest rates rising of course lead to price drops here.

I'll start worrying about a recession once GDP falls and jobs are eliminated instead of added from the economy.

1 comments

Retirement explains the low unemployment % since they're no longer part of the workforce.

The jobs added are great, especially since we need ~140K additional jobs per month due to the growing US Population. (that number probably dropped due to reduced immigration)

Unfortunately I don't work in all sectors of America so even if the GDP goes up to a China-inflated 10% or higher but I'm unemployed, it'll suck.

Sure but that doesn't mean there will be a recession. Sometimes it's just necessary to switch fields (ie horseshoe makers when automobiles were getting popular).