Wednesday, Dec 14

The Most Important Thing Today (12/14/22)

Proactive communication about what’s going on in the market and the economy is key to building stronger client relationships. Each week, the Helios team breaks down the most important information your clients need into easy-to-understand talking points for you to share.

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Let's talk about jobs!

Headlines Overstate Labor Softening

Large layoffs by individual tech companies have garnered significant headlines lately. However, these tend to overstate the weakness being seen in the overall economy.

Relative to the entire economy, the major headlines are extremely small, and the overall economy sees well over 1 million layoffs each month.

Over the first nine months of the year, the US has averaged 1.39M layoffs per month, which, if the year ends in a similar place, would be the lowest average since JOLTS data began in 2000.

Source: Helios Quantitative Research, Bloomberg

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Helios partners with Financial Advisors to help them grow their business, save time, and add scale to their services through enhanced asset management capabilities. Helios was founded in 2016 in Granite Bay, California.