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US Job Market as I have warned for over a year (Patreon)

Published:
2024-10-31 20:56:00
Imported:
2026-06
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US layoffs jumped by 160,000 in September, to 1.83 million, the second-highest in 4 years.

Monthly layoffs have increased by 540,000, or 42%, over the last three years as the labor market has slowed.

As a result, the layoff rate, measuring the number of layoffs as a % of total employment, rose to 1.2%, the highest since December 2020.

Meanwhile, private sector layoffs spiked to 1.78 million, the highest in ~4 years. AI and BOTS have not even hit yet!

Further evidence of a weakening labor market. Layoffs at recession-proof businesses are underway.

• Walmart has laid off thousands already this year.

• McDonald's is planning mass corporate layoffs.

Two of America's largest private employers are laying off more people than in the early stages of 2008.

Remember This? Well things are now looking worse and the market is reacting:

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Comments

Pla Dim

Thank you, James and team 🙏

SamuraiCop

Sorry to hear about all the layoffs, imo US needs an admin change ASAP. On another note, does SOL not have any support level in sight?

mrcanning

Trump supporter here. Wondering when "not if" he wins and starts to do all the things he previously did. Will that light a fire under things and set off a stronger economy? Or, will it be too little too late?

Flipside Freedom

If the stock market tops here on recession metrics, following the GFC pattern, how can we expect crypto to complete the second part of the bull run in the face of everything melting down?

Kevin Ridderbos
>>154007858

The stock market is forward looking. And higher unemployment numbers will stimulate the Fed to decrease interest rates and inject more liquidity in to the system, which will lead to btc going up. This is what we have been waiting for

Klick

Fake data?

Indigo Hammer

Is the dollar about to fall off a cliff.

George A

I posted the statistics and the Democrat people on my brothers Facebook page did not believe it and said where did the statistics come from?

Fear Zero
>>154001171

Listen to Jeff Booth. The puppets leading countries are inconsequential when the money is broken. Until the USA goes on a bitcoin standard, things will not, cannot, get better. Inflation will go higher. Me personally, I want women to have control of their bodies, but I do not want unrealized gains taxed or UBI. Centrist, that is the smart way to be. Neither Trump nor Harris can extinguish the dumpster fire that is the USA.

MagicMiles

Remember Elon already said he will lay off about a third of the useless gov departments. This will leave to less gov spending and more umemployment. Our only chance is if the gov starts buying btc as reserves, not only hold onto what they currently have.