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by jupp0r
1253 days ago
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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. |
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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.