Lowest hiring since 2009.
Payroll growth has slowed to <0.1% MoM.
Openings down 25% YoY.
Wage growth still sticky at 3.8%.It’s the worst mix possible — weak labor, stubborn inflation.
— Shashank Sindhe (@shashank_sindhe) October 13, 2025
WTF!
Hiring just hit the lowest level since 2009.Only 204,939 hires so far in 2025.
That’s a 58% collapse YoY.
Worse than anything since the financial crisis.The data’s out there… and no one’s ready to admit what it means.
No data = no panic… right?
— Amanda Goodall (@thejobchick) October 13, 2025
And credit card delinquencies are also at GFC levels pic.twitter.com/hrk6o3uDd5
— Illiquid Insights (@IlliquidInsight) October 12, 2025
JUST IN: 🇺🇸 Treasury Secretary Bessent says government shutdown is starting to affect the economy.
— Watcher.Guru (@WatcherGuru) October 13, 2025
Delinquencies, defaults, and repossessions have shot up in recent years and look alarmingly similar to trends that were apparent before the Great Recession… The growing costs to buy and maintain a car – exacerbated by inflation and tariffs – are leading to rising auto loan defaults and repossessions and a potential crisis for American consumers left unprotected by the federal government.” https://www.usatoday.com/story/money/2025/09/10/auto-loan-delinquencies-debt-report/85998815007/