USA Jobs Shock - Joe Blogs

[TexasTowelie]

The U.S. economy is still growing — but the jobs aren’t.

Headline GDP numbers look healthy, markets seem calm, and policymakers keep talking about a soft landing. Yet underneath the surface, something very different is happening in the labor market.

In November, the U.S. lost jobs overall — with small businesses cutting sharply, even as medium and large firms continued to hire. At the same time, hiring momentum has slowed, job switching has collapsed, and fewer unemployed Americans are finding work each month.

This is what economists are calling a “jobless boom” — growth without meaningful job creation.

In this video, I break down:
• Why small firms are shedding jobs first
• How higher interest rates and tighter credit are hitting small businesses hardest
• What the Chicago Fed hiring rate really tells us about the labor market
• Why big companies are still hiring — and why that can be misleading
• How rising bankruptcies and record national debt fit into the bigger picture

This isn’t a recession video — yet. But historically, when growth and jobs disconnect like this, it’s rarely a good sign.

Chapters:
0:00 Intro
1:01 GDP
4:44 JOBS
7:15 UNEMPLOYMENT
7:56 EMPLOYMENT
8:23 HIRING
9:17 BANKRUPTCIES
9:50 INTEREST RATES
10:34 SUMMARY & CONCLUSION

[BlueWaveNeverEnd]

1. Marking to watch later

[OnlinePoker]

2. He seems to be cherry picking the data.

Yes, the unemployment rate has gone up to 4.6%, but the number of people in the labor pool has gone up by over 3 million since November 2024 and the number of employed people have gone up by 2.56 million. This doesn't indicate to me a shrinking of job opportunities because of AI as he claims. Also, 2.6 million of the increased labor pool is people reentering which would seem to indicate a positive attitude towards the economy.

https://www.bls.gov/news.release/empsit.a.htm