The recent “blockbuster” jobs report masks some concerning realities: nearly half of the new jobs are part-time or double-counted, and approximately 5 million Americans remain out of the job market, potentially pushing the real unemployment rate close to 7%.
Turns out that “blockbuster” jobs report was hiding a lot. Almost half of new jobs are part-time or double-counting, while 5 million Americans are still out of the job market. Counting them would take unemployment to almost 7%.
The Bidenomics “miracle” is built on lies: The… https://t.co/QN6Snm36gD
— Wall Street Mav (@WallStreetMav) October 9, 2023
The unemployment rate has systematically spiked with yield curve steepening from inverted levels
Currently, the yield curve is steepening at a historically elevated rate
This is an ominous sign for the labor market pic.twitter.com/K00liOafht
— Bravos Research (@bravosresearch) October 9, 2023