Holy Sh*t! This Was the Final Straw in the Job Market

The government's latest data confirms the dramatic slowdown sweeping across the labor market. We've been documenting hours being cut, quitters quitting quits, no one hiring, and now even a few layoffs. Not only do the latest figures back all that up, they also help explain consumer behavior and even the last GDP estimate.

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[leondonald]

The most important thing that should be on everyone mind currently should be to invest in different sources of income that doesn't depend on the government. Especially with the current economic crisis around the word. This is still a good time to invest in various stocks, Gold, silver and digital currencies

[optick]

Companies will do everything but lower prices.

[Grace.h-to]

People are facing a tough retirement. and it's even harder for workers to save due to low-paying jobs, inflation, and high rents. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire in.

[josephscott]

In 2022 I was ready to buy a new vehicle the ford lightning was advertised as having a msrp of around 45k but you could not find one under 75k so I bought a Tacoma at msrp, to me the price hike was very shady and left a lasting bad impression on me.

[ianlloyd]

I get letters weekly to get equity out of my home I can only imagine what people do when they have “dreams of a pool” “new home upgrades “ “ renovations” . People have spent that money mover the last couple years and the money is gone and people are in more debt now

[HeatWalk]

There are job cuts everywhere. That alone says alot about how terrible the economy is.

[fringelord]

This has been going on for 2 years. They finally let the data out but its cooked, it's much worse in reality

[deweykendrick]

I guess to get prices back to where we need them we are going to have to grow our own food and boycott everything

[billsepmeier]

State the obvious - fewer people can afford $70 - $120 k for a pickup truck.

[canttakeanymore]

As far as the auto market--they are making complete dogshit these days too. It's both--income and dogshit

[Soooooooooooonicable]

Disposable income is the lifeblood of the economy.

[ianlloyd]

Everyone has taped into the equity in their homes and people are broke

[MarcDillon]

Great video Mate. Speaking of going away and figuring things out yourself, I did that by analysing the Bitcoin/Gold ratio and I found that in 2009-2011 (late stages of last PM bull market) there were 2/5 instances where Bitcoin, Silver and Gold all went up together all while the Bitcoin/Gold ratio was also going up. I was therefore wondering whether the assumption that we are in a new PM bull market means that Gold and Silver will not decline very soon like you think and will continue going up along with Bitcoin? Essentially the value of the Bitcoin/Gold ratio in predicting moves down in PM's is less reliable in a PM bull market. .... I have managed to grow a nest egg of around 100k to a decent 432k in the space of a few months... I'm especially grateful to Kerrie Farrell, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape..

[COURRUPTIONCOIN]

Wallmart is lowering prices...all over the store.

[Adam_Bechtol]

I've seen some real success in markets, but I've also learned some valuable lessons along the way. For anyone just starting out, especially newcomers, it's crucial to really understand the market before jumping in. Trading can bring a lot more potential than just holding, but it took me over two years to realize that relying solely on chart predictions isn’t always the best route. What truly shifted my approach was getting personalized guidance from Ryan Brooks his insights made everything so much clearer.

[adambeauchamp]

Should not cost over 25k for a good new truck.

[drewstead]

When you said it's not GDP that you want to watch but rather income you mean like the fact that during the Great Depression the average wages went from 4800 per year in 1930 and by 1935 it was only $480

[Rogersrecycling]

I'm not stupid enough to live outside.My means so in good times I stack the money in bad times I have the money

[flakieflake]

The problem with US motor manufacturers is that they don't do marketing. They don't care what the customer wants, they don't care what the customer can afford, and they don't care about the economy. They produce the product they want to sell and are completely surprised when it doesn't sell! $125 000 for a Jeep? That's why they're in trouble, because if the management had half a brain cell they would be producing the most stripped out basic four seater for the cheapest price, and those would fly out of the dealers - but they wouldn't make as much profit so they won't do it !

[CharlesLade-qh]

The US economy is already in recession. Any rate cut will not ignite inflation. The banks will tighten even more, all consumer and corporate credit lending. This is the beginning of a deflationary period for your assets. Stocks markets will decline, and stock values disappear in a blink of the eye. Businesses will begin layoffs in earnest which will soon be reflected in the unemployment rate and unemployment claims, to further solidify the recession. In fact, when the FED cut rates in Sept, it will signify that the Titanic is going under, and it will suck everything down. Retail and housing sales will truly decline as consumer hold off their purchases. The inverted yield curve will then turn positive, but remember, certain assets like stocks and Crypto’s acts as a hedge. Long & short-term trading is generally safer, allowing investors to weather market volatility. I have managed to grow a nest egg of around 130k to a decent 532k in the space of a few months... I'm especially grateful to Milton Harper, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.