Friday, June 3, 2022

Retail Trade Employment per Capita

The good news, if you can call it that, is that we've managed to climb back to the declining trend line in red. Here's the reaction from our cat Dexter:

It's the same look he has when hunting buggies, birbs, bees, and bagholders. Okay, maybe not bagholders. He's just a cat, not a Wall Street professional trader. In a world of predators, it's easy to forget that.

In all seriousness, it would be an understatement to say that I am not optimistic about where retail trade employment heads from here. The short-term recovery tailwinds are gone. The long-term automation headwinds remain. May we live in dangerously interesting times. Sigh.