BREAKING: The number of people working MULTIPLE jobs in the US hit 8.66 million in September, a new record.
This is ~300,000 above the peak seen before the pandemic and ~600,000 above the 2008 peak.
Furthermore, the number of part-time jobs has jumped by ~3 million over the… pic.twitter.com/znOOEMR6Ln
— The Kobeissi Letter (@KobeissiLetter) October 8, 2024
Signs of a U.S. recession emerge as consumer credit decreases, contrasting optimistic payroll reports and indicating concerns about job market conditions.
More signs of an impending recession in the US economy, focusing on consumer behavior and credit card usage. Repeated decreases in revolving consumer credit are a strong indicator of economic perception and job market concerns among Americans. It's not about spending, it's about… pic.twitter.com/fL9R6x9JHX
— Jeffrey P. Snider (@JeffSnider_EDU) October 9, 2024
JUST IN 🚨: Warren Buffett Indicator hit 197%, the highest level in history, surpassing the Dot-Com Bubble and the Global Financial Crisis. pic.twitter.com/H5RpYHJtvP
— Barchart (@Barchart) October 8, 2024
Zero income growth through the Biden administration.
Meaning either the GDP numbers are a lie. Or, worse, the economy is growing fast but Americans aren’t getting any of it. pic.twitter.com/jwOKe3zuNj
— Peter St Onge, Ph.D. (@profstonge) October 9, 2024