Jobs are clearly dying in 2024 despite big S&P gains.

Nov Changes for last 3 years…

2022-2021 59.9-59.3= + 0.6

2023-2022 60.4-59.9= +0.5

2024-2023 59.8-60.4= -0.6 (based on 330M popn, , -2M jobs)

Continuing UC hit a new high in Nov….