Sunday, May 10, 2015

Energy market dislocation impacting the economy

We now see more evidence of the energy market dislocation impacting the economy. Here is the job cuts report from Challenger, Gray & Christmas showing a pickup in layoffs.

Source: Challenger, Gray & Christmas

Of course it's not just the energy sector that is being hit. As discussed before the impact on other areas in oil producing states is significant. Here is what's going on with construction jobs in Texas.


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