Feeling for the Fed
Submitted by Atlas Indicators Investment Advisors on July 31st, 2023![](/sites/default/files/users/atlasindicators/Jun 23 Unemp.jpg)
Employment data have been rather consistent during the past year or so and could be setting up the Federal Reserve for a period of difficulty. Growing payrolls have been the trend every month since December 2020. The year-over-year statistic has been above zero since April 2021. Although, it has also been decelerating since then (see the chart above), partly due to the law of