1. AI start-up surge…
If your start up isn’t focused on generative AI, then it looks like you’re in the minority.
Source: Y Combinator, Benedict Evans
2. A tale of two sectors…
The unemployment rate has remained relatively steady this year at ~4%, but a closer look reveals a different story. Employment growth is robust in the ‘non-market sector’ – healthcare, education, and the public sector – while private sector employment growth has collapsed to zero.
Source: ABC News, ABS, CBA, Macrobond
3. Credit card crunch…
Fed credit card data shows that overdue balances are at their highest since 2012. The percentage of card balances 60+ days overdue has risen to more than 2.5%.
Source: Federal Reserve Bank of Philadelphia