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The US economy is experiencing a downturn with job market concerns, including a decline in job postings, hiring slowdown, and manufacturing slowdown.
unusual_whales
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1d
"U.S. economy is worse than thought with 1.2 million fewer jobs," per CNBC
More Perfect Union
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The U.S. economy has shed 1.2 million jobs since April 2024.
Hiring has now slowed to its lowest pace in a decade, excluding the dip at the beginning of the pandemic.
The Kobeissi Letter
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BREAKING: Job postings on Indeed fell -8% YoY in the week ending September 12th, marking the second-lowest level since February 2021. Postings have now declined for 3-straight years. The current number of available vacancies is only 4.3% above the pre-pandemic levels seen in
US manufacturing is slowing: The Richmond Fed Manufacturing Index fell -10 points in September, to -17, the 4th-lowest reading since 2020. The 3-month moving average dropped to -15 points, one of the weakest since 2008. Shipments fell -15 points, to -20, the 2nd-lowest since
2d
Mark Zandi of Moody's has said that the U.S. may already be in a “jobs recession,” per FORTUNE
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