02. MACROECONOMICS & STRATEGY
We need to keep a close eye on the slowing job market
Job creation – United States
Unemployment rate – United States
Chart Title
Chart Title
2,2%
100 120 140 160 180 200 220 240
4,4%
2,0%
4,3%
1,8%
1,6%
4,2%
1,4%
4,1%
1,2%
4,0%
1,0%
0,8%
3,9%
20 40 60 80
0,6%
3,8%
0,4%
3,7%
0,2%
0,0%
-20 0
3,6%
-0,2%
3,5%
07-23 09-23 11-23 01-24 03-24 05-24 07-24 09-24 11-24
3,4%
Job creation in the private sector (in thousand (lhs)) Growth in the employed population, in % y/y
3,3%
02-22 06-22 11-22 03-23 08-23 12-23 05-24 09-24
Public
Sources: Macrobond, Rothschild & Co Asset Management – 12/2024 This presentation contains historical market data. Historical market trends are not a reliable indicator of future market behaviour. These data are provided for illustrative purposes only. Depending on the date of publication, the information presented may differ from the updated data.
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