U.S. layoffs in October hit the highest level since 2003. Consumer sentiment dropped another 6%. Powell says job creation is “close to zero” due to AI
There’s already a notable drop in consumption, truck fright in the US is down 17% YoY, while shipping containers inbound from China is down 15% YoY. JUST IN: Powell says job creation is "close to zero" due to AI — Kalshi (@Kalshi) November 7, 2025 The top 10% of U.S. households hold 87% of all …