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Jeremy Horpedahl: U.S. job growth has been slow over 18 months without recession

Jeremy Horpedahl: U.S. job growth has been slow over 18 months without recession
Low U.S. job growth in 18 months

Jeremy Horpedahl points to a slow rate of job growth in the U.S. over the past 18 months, emphasizing that only 1 million jobs were created during a period without a recession.

He adds that under President Biden, 1.6 million private sector jobs and 2.4 million total jobs were added in the last 18 months.

Horpedahl has previously highlighted long-term asset returns, noting that a $25,000 S&P 500 investment in 1971 would now be worth $8.5 million, compared to gold and real estate returns in a past analysis at this report. He has also drawn attention to significant changes in U.S. wage levels, comparing the average hourly wage in 1984 of $4.25 with $16.20 today, as reported at this link. These previous observations follow his ongoing focus on long-term economic indicators.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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