Backward-looking job revisions show the US and Canadian economies have been producing fewer and fewer jobs amid rising unemployment. Mass layoffs are due next. EPB Macro’s Eric Basmajian explains in the segments below.

This video analyzes why elevated profit margins are giving businesses more room and time to absorb slowing economic conditions without resorting to wide-scale layoffs. But the labor market cracks are widening. Here is a direct video link.

Home prices follow employment lower. This video analyzes the sequence of the residential housing cycle. Here is a direct video link.