So it might actually be worse, since news of the indicators might already mean that cutbacks in payroll are taking place. We would see that with the August job

So it might actually be worse, since news of the indicators might already mean that cutbacks in payroll are taking place. We would see that with the August jobs number (due out in the first week of next month). Smart companies want to be ahead of the recession curve. The good news is that the labor force is at record highs. IOW were as close to full employment as we have ever been. https://www.cnbc.com/2019/08/02/us-jobs-report-july-2019.html https://www.cnbc.com/2019/08/02/us-jobs-report-july-2019.htm... The bad news is there's no where to go but down.