August hiring plans were the lowest since 2009.
U.S. employers have announced 892,362 layoffs YTD, the most since 2020. Excluding COVID, this is the worst since the Great Financial Crisis. pic.twitter.com/6T7dxzZjvo
— StockMarket.News (@_Investinq) October 4, 2025
It’s no wonder that the younger generations – Gen z and especially millennials are feeling much less confident about their future economical situation! Here is an excellent WSJ 📊 which shows that 69% of Millennials feels that financial success is much harder to achieve for them… pic.twitter.com/k7uhd4YUX2
— Yair Einhorn (@yaireinhorn) October 4, 2025
With this rising unemployment rate, have a look when does the country hit a recession (grey lines) officially.
Every single time in the past when the unemployment rate has risen after bottoming out, we’ve seen a recession. What do you think is different this time. pic.twitter.com/AOlBPujDVU
— Pilot Investor (@pilotinvestor7) October 5, 2025
This looks eerily familiar:
•2008–09: hiring dried up before unemployment surged
•2020: sudden freeze, but backstopped by stimulus
•Now: Fed is still tightening, no bailout in sight
The last time we saw numbers this low outside a crisis was the Great Recession.
h/t Greeks Watcher