I zoom in here:
The first assumption is the US job market is buoyant. The second assumption is that the 'profit recession felt by US-listed companies' is based on US-only factors.
Mr Goh should ask i) whether the buoyant jobs market is fuelled by the correct jobs or by bartenders/waiters, and ii) whether fall in profits of US-listed companies are caused by US or foreign-based revenue.
Good luck for the forum.