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 stocks, nearly 85% of private businesses, and 44% of real estate assets, per Ritholtz. pic.twitter.com/OBoGHzpXBB

— unusual_whales (@unusual_whales) November 7, 2025

When even the New York Post is calling him out: pic.twitter.com/hsfhMkgFN4

— More Perfect Union (@MorePerfectUS) November 7, 2025

h/t SelfAltruistic4201