Rebel Capitalist News New Jobs Data Reveal The TRUTH About The Economy
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Oct 1, 2025 The discussion dives into the JOLTS report revealing job openings are dropping below the number of unemployed, indicating a tough labor market. Construction job openings have plummeted, signaling potential recession risks. Consumer confidence is waning, with expectations dipping dangerously low. Hiring and quits are also on the decline, suggesting job prospects are worsening. Amidst this, talk shifts to the Fed's potential rate cuts, while analyzing how the labor dynamics are shifting from shortages to excess unemployment. Stay tuned for market implications!
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Job Openings Lag Unemployed Workers
- Job openings are now far fewer than unemployed workers, signaling a major labor-market shift.
- George Gammon says this gap indicates the labor market is deteriorating and weakening the overall economy.
Construction Jobs As A Recession Signal
- Construction job openings plunged and act as a leading recession indicator.
- George Gammon highlights construction declines as a proxy for broader economic weakness.
Labor Market Now Shows Excess Capacity
- The spread flipped to many more unemployed than openings, the largest since early 2021.
- George Gammon notes this 150,000+ differential shows excess capacity in the labor market.