Independent thinking for complex markets and current events
Millions of workers could be replaced by robots – and in some industries, it’s already happening. Here are the top 10 jobs at risk: 1. Taxi drivers 2. Call center workers 3. Supermarket checkout staff 4. Bank clerks 5. Data entry clerks 6. Admin assistants 7. Factory workers 8. Customer service reps 9. Receptionists 10. …
“Outside of the pandemic, the last time jobs growth was this low over a 12-month period was during the recession caused by the global financial crisis.” https://t.co/ay4fu2fJdt — Amanda Goodall (@thejobchick) August 25, 2025 America’s jobs market is bracing for a “Trump slump” as the president’s tariffs and immigration crackdown hammer businesses, economists have warned. …
China’s youth unemployment has reached extremes. Gen Zers are paying to pretend to work in faux offices across the country. With 14.5% of young professionals still unemployed, they are gathering at hotspots run by “Pretend to Work Company.” https://www.yahoo.com/news/articles/china-youth-unemployment-bad-gen-155718392.html Facing a brutal job market, young adults pay for the structure and social interaction these fake …
Rate cuts: like putting a band-aid on a sinking ship. For those begging for rate cuts, look back at 2001 and 2008. The Fed started cutting right before unemployment spiked. The pivot wasn’t a win, it was the signal that the real damage was about to hit. If the economy was healthy and booming, there …
The jaws of stagflation are wide open, per Bloomberg byu/RobertBartus inEconomyCharts Number of new U.S. businesses soars to highest level since 2007 byu/RobertBartus inEconomyCharts “Most people I know starting businesses are doing it as side gigs because jobs don’t pay enough anymore for basic living. Myself included and burning at both ends.” Inflation or jobs: …
Introduced in 2025, it bans ghost listings, forces salary transparency, and limits ads to 90 days. “The TJAAA establishes clear, enforceable standards to ensure that job listings represent genuine hiring intent.” https://www.issuewire.com/new-federal-legislation-proposed-to-end-ghost-jobs-and-restore-integrity-to-the-hiring-process-1836081656082620 The bite: Fines up to $200K per fake listing Must disclose salary, start date, visa status, AI screening use, and repost history $5,000 …
Trend jobs growth falls from over 100k to just 35k byu/Downtown_Yoghurt9527 inEconomyCharts Before July’s revision, labor markets looked goods – modest acceleration above 100k – but now we are running at the lowest pace outside of recessions since 2003.
Holy Shit guys the Times is hiring Redditors pic.twitter.com/pXLrBylFGX — GBR (@GayBearRes) August 10, 2025
“Payroll employment growth slowed sharply to only 35,000 jobs per month over the three months ending in July. This is well below the moderate pace seen earlier in the year, likely due to a significant softening in labor demand.” https://www.upi.com/Top_News/US/2025/08/09/federal-reserve-rate-bowman/1681754774717/ The Fed’s dual mandate is breaking down. Inflation’s near target. Jobs are slipping. Tariffs are …
Apple’s $2.5B expansion in Harrodsburg, Kentucky is being sold as a reshoring win. But the plant already made 90% of iPhone and Watch cover glass. The “100% made in the U.S.” headline is a rounding error dressed as a revolution. The real shift? Corning’s entire Harrodsburg facility is now Apple-exclusive. That’s not just scaling—it’s strategic …
Another wave of closures and layoffs has hit workers and companies tied to commercial transportation, manufacturing, lumber production, distribution and logistics across the U.S. Over the past several weeks, there have been 4,137 job cuts announced, according to media reports and Worker Adjustment and Retraining Notification (WARN) Act notices. The companies facing layoffs include: Republic …
President Trump said he will announce a new Federal Reserve governor and a new Bureau of Labor Statistics chief this week. “The president said he will announce a new Federal Reserve governor and a new jobs data statistician in the coming days.” https://www.axios.com/2025/08/04/trump-fed-governor-bls-labor-statistics-chief He removed BLS Commissioner Erika McEntarfer after a weak July jobs report …
by Michael If you have applied for hundreds of jobs and still find yourself out of work, you are certainly not alone. In many industries, it is absolutely brutal out there right now. U.S. employers have been laying off hundreds of thousands of workers in 2025, and there is immense competition for any good jobs that do happen …
The U.S. manufacturing recession is getting worse. The ISM Manufacturing PMI fell to 48.0 in July, its lowest since November 2024, marking the fifth month in a row of shrinking activity. “The manufacturing sector continues to struggle with declining demand,” the ISM report said. https://www.ismworld.org/supply-management-news-and-reports/reports/ism-report-on-business/pmi/july/ New orders have contracted for six months straight. The employment …
Let’s break it down. Inflation is eating everything. Since 2020, prices are up more than 20% across the board. Groceries, rent, gas, insurance. All higher. Wages? Barely moved. The average paycheck rose less than 14% in that same time. That means workers are losing money every year. Jobs aren’t what they used to be. Openings …
Workers at Boeing’s defense plant in St. Louis just said no to a four-year contract. The union plans to strike starting at midnight Monday if nothing changes. Tom Boelling from the union said, “IAM District 837 members deserve a contract that reflects their skill, dedication, and the critical role they play in our nation’s defense.” …
May’s jobs gain was revised down by 125,000, from 144,000 to 19,000. June’s jobs gain was revised down by 133,000, from 147,000 to 14,000. Together, that cuts 258,000 jobs from official data in two months. https://www.bls.gov/news.release/empsit.nr0.htm July added 73,000 jobs, below expectations. The unemployment rate rose to 4.2% from 4.1%. Markets now see a 95% …
HVAC Technician explains how AI is even coming for blue collar jobs pic.twitter.com/CfH9Mseyl5 — Financial Dystopia (@financedystop) July 28, 2025
Nearly 90,000 phantom jobs per month go unexplained. What is happening here? The BLS just said the number of jobs reported for the 9 months ending December 2024 was likely overstated by ~800,000. This comes as the Quarterly Census of Employment and Wages (QCEW) data, covering 97% of employers, showed the US added 607,000 jobs… …
Canada needs skilled professionals in engineering, medicine, quantum computing, chip design, space, IT, and other high-tech sectors to drive innovation, fill labour gaps, and strengthen the economy , not just cheap labour. — Make Ontario 4Trillion Economy (@Ontario2050) July 15, 2025
Nvidia has become the first publicly traded company to reach a $4 trillion market capitalization, closing at $164.02 on July 9 after a 2.5% gain. The milestone places Nvidia ahead of Microsoft and Apple, both of which previously topped $3 trillion. The company’s valuation has grown more than fifteenfold in five years, driven by sustained …
“It’s only a gully” – lying realtor in “The Big Short. h/t Boo_Randy_II
by confoundedinterest17 The April Jobs report blew away the tariff crash hysteria. 177k jobs were added, far better than the doomsayers predicted. Even better, more jobs went to native-born workers than foreign-born workers. Even better still, Federal jobs decreased (thanks to Doge). The US labor market under the Biden administration “grew” almost entirely on the back of …
As expected… Estée Lauder layoffs are in full swing now. They had already approved $623 million in severance costs and cut more than 2,600 positions as part of the plan to eliminate 5,800 to 7,000 jobs.https://t.co/nYAFAmS1sZ All projections show they should reach closer to… https://t.co/tnj1aiXROY — Amanda Goodall (@thejobchick) May 1, 2025
Foxconn workers in China who assemble $AAPL phones, were considered too expensive at $3 per hour, in 2023. Does the Commerce Secretary really think those $3/hour jobs are coming back to the US?! https://t.co/BLGkhpT4w2 pic.twitter.com/fqRJnxgTnN — James Chanos (@RealJimChanos) May 1, 2025 The jobs aren't coming back, only AI & Robots. The overseas cost of …
by David Haggith The moves are not big yet, but there are good reasons for that, and they are all in the wrong direction. According to the Bureau of Economic Analysis, real GDP just went from a positive 2.4% annual growth rate to -0.3%. It will, of course, take two consecutive quarters of the “growth” rate …
They keep asking which jobs are safe. Not which ones pay well. Not which ones offer meaning or longevity. Just one question repeated again and again, in back channels, in interviews, in late-night posts from people staring at their careers like a sinking ship. The question is simple, but the truth it drags behind is …
The pressure is not just building. It is bursting through the seams. More than 5,300,000 student borrowers are now in default. Another 4,000,000 are about to be hunted down when federal collections resume on May 5. These are not small figures. They represent lives unraveling under debt that was never meant to be repaid in …
CALIFORNIA’S GAS PLAN: LESS FUEL, MORE PAIN AT THE PUMP California is about to lose 20% of its fuel-making power, and drivers are bracing for impact. Valero’s Benicia refinery will shut down in 2026, cutting over 400 jobs and slashing supply in a state already paying $4.83 a gallon—$1.68 above the national average. So, lawmakers …
