Source: Direxion Funds
September 30, 2019
- I’M ALL DONE WITH MY WORK - An average American worker has increased his/her productivity by +97% in the last 35 years, i.e., an average worker can complete in 1 hour as of 12/31/18 the same amount of work that it took him/her 2 hours to finish as of 12/31/83 (source: Department of Labor).
- I QUIT - 3.43 million American workers quit their jobs in June 2019. A decade earlier, just 1.79 million American workers quit their jobs in June 2009 (during the nation’s 2008-09 recession). A higher “quit level” is indicative of a greater level of confidence in finding a new job to replace one’s current occupation (source: Department of Labor).
- SHOULD WE BUY TODAY? - 70% of Americans surveyed in June 2019 think “it’s a good time to buy a house.” That percentage was as high as 83% in December 2014 and has been as low as 57% in October 2008 (source: University of Michigan Surveys of Consumers).