Episode 25: More People Working Two Full-Time Jobs Than Ever - What's Happening?

There are more people working two full-time jobs now since the data was collected in 1994.This means, there are more people working two jobs of 70 hours a week or more. So the jobs have not been getting lost and they have not been shed at a mass scale yet.So it's hard to decide whether we're in a recession or not when job strength is so good. But wage growth has started to decline, but so has inflation a little bit, but still very high. So the price of goods and services is still high.Wage inflation, wage growth is slowing.People are forward-looking and thinking about 2023. So let's get ready, let's put people in houses, let's help people find their dream home. Let's watch the data and see what happens.Don't fight the Fed. They know what they're doing. The only tool that they have to fight inflation is to raise the federal funds rate.Q2 initial reading came out today for GDP. There is a consensus for Q2 GDP to go up by half a percent, 0.5%. It went down by 0.9%. Stay up-to-date on all the latest news, updates, and exclusive content by following us on all of our social media accounts! https://linktr.ee/kptalksdollarsandsense#KPTalks