U.S. Workers' Share of GDP Falls to Historic Low of 53.8%
- Declining Worker Income Share: According to the Bureau of Labor Statistics, the share of GDP going to U.S. workers through wages and salaries fell to 53.8% in Q3, marking the lowest level since 1947, indicating that economic growth has not effectively translated into higher worker income, potentially exacerbating income inequality.
- Corporate Profits and Productivity Surge: Despite ongoing GDP growth, corporate profits have climbed in recent years, with labor productivity increasing at the fastest pace in two years in Q3, partly attributed to the widespread adoption of artificial intelligence, suggesting companies are enhancing output while reducing hiring.
- Weak Job Market: Although the unemployment rate has dropped to 4.4%, the labor market remains weak, with the Bureau of Labor Statistics reporting only 50,000 new jobs added last month, reflecting a cautious approach from businesses that rely on productivity gains to sustain operations.
- Monetary Policy Uncertainty: The Federal Reserve cut the benchmark interest rate for the third consecutive month last month, but future cuts remain uncertain due to inflation and labor market concerns, with investors expecting two quarter-point cuts this year, focusing on potential actions in April or June.
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Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI) As of , Sleepless AI (AI) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for AI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, AI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sleepless AI (AI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00938 | 0.0149 | 0.0201 | 0.0256 | 0.0308 | 0.0363 | 0.0415 |
| Fibonacci | 0.0149 | 0.019 | 0.0215 | 0.0256 | 0.0297 | 0.0322 | 0.0363 |
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