The David Lin Report Lowest Job Openings Since 2020: ‘Nasty Surprise’ To Hit Economy, Markets | David Hay
Sep 8, 2025
In this engaging discussion, David Hay, a seasoned investment expert and founder of Haymaker Publications, shares insights on the alarming drop in job openings, marking a possible hidden recession. He emphasizes the shift in the labor market, with more unemployed individuals than available positions, and urges caution with US stocks. Hay advocates for investment in gold, commodities, and overseas assets while dissecting market dynamics, inflation trends, and evolving fiscal policies. His seasoned perspective is a must-listen for anyone navigating today's economic landscape.
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Hidden Recession Risk Rising
- Many recession warnings have been flashing for years, yet muted expectations can amplify the shock if one arrives.
- David Hay notes a growing body of data suggesting a true slowdown may be closer than consensus expects.
Job Data Revisions Are Telling
- Payroll industry declines and two-month payroll net revisions now resemble past recession patterns.
- Hay says these job-data revisions make the labor market look much weaker than headline reports suggest.
New Entrants Face Steep Job Barriers
- Unemployment for new entrants, especially college grads, is spiking as hirings dry up.
- Hay attributes this to business uncertainty and rising reluctance to add payroll amid technological pressures like AI.