🇺🇸 US number of full time employees -1.342 million or -1% YoY.
In #recession territory! pic.twitter.com/0MMduVtl7r
— Alex Joosten (@joosteninvestor) December 6, 2024
This is important: There are 883,000 more Americans unemployed now than a year ago.
Sometimes you need to step back and look at the annual changes to see the bigger picture.
The number of Americans unemployed for 6 months or longer has also increased by 441,000 pic.twitter.com/ZkX5NFD9JM
— Heather Long (@byHeatherLong) December 6, 2024
Oil & gas is highly cyclical – job cuts for West Texas means higher unemployment levels in that region. https://t.co/PzRSJ3P27Z pic.twitter.com/pviO2uv0XH
— Don Johnson (@DonMiami3) December 7, 2024
The labor market is weakening: fewer people are employed now than last November, and continued claims are rising, signaling a weak labor market. These trends likely influenced the Fed’s decision to cut rates, aiming to hold off the jobs recession as the economy slows. pic.twitter.com/tFJ9ti7vp9
— The Coastal Journal (@1CoastalJournal) December 8, 2024
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