Private sector employment is in free fall. Nearly 2 million full-time jobs have vanished in a year, with hiring in construction and manufacturing at recession levels. The only gains? Government jobs. Productivity is tanking, and economic fundamentals are unraveling. The Fed might pretend this is a “soft landing,” but the data says otherwise.
🚨US PRIVATE SECTOR EMPLOYMENT IS IN A RECESSION🚨
US private sector full-time jobs have DROPPED by nearly 2 MILLION over the past year.
Such a drop has never happened outside of recessions.
The only gain in jobs has been in the government sector.👇https://t.co/zLP0uWUrzr
— Global Markets Investor (@GlobalMktObserv) February 6, 2025
This is what happens when all the Job growth in an economy is Government.
Productivity growth declines from 2.3% to 1.2%.
Another 3yr macro rule the members on the FOMC will find hard to grasp. pic.twitter.com/nsKWphu4U9
— James E. Thorne (@DrJStrategy) February 6, 2025