Three Must-See Charts on U.S. Jobs Data

The video discusses the current state of job growth, highlighting the ADP report and government statistics. It examines the relationship between job growth, earnings, and personal consumption, raising questions about sustainability. The video also explores GDP contributions from businesses and consumers, noting a potential shift in business investment. Finally, it considers the impact of business confidence on economic activity, questioning whether optimism will translate into real growth.

What does the white line in the chart represent regarding job growth?

How has the earnings growth been affected by the slowdown in job growth?

What is the significance of the personal consumption growth compared to earnings growth?

What are the implications of the savings rate declining?

How might the president's infrastructure spending plan impact consumer strength?