Rebel Capitalist News RECESSION ALERT: Worst Jobs Data Since 2021
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Sep 5, 2025 The latest discussion dives into alarming job market trends, highlighting a significant decline in job openings and a slowdown in hiring. Experts analyze these troubling numbers and their potential implications for a looming recession. The conversation sheds light on how these shifts could impact the economy and personal wealth strategies. Listeners are encouraged to stay informed and explore proactive measures to safeguard their financial future amidst this uncertainty.
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Host's Casual Opening Joke
- George opens solo and jokes Josh is on Tinder while previewing the jobs-data week.
- The casual aside frames the episode before diving into JOLTS and ADP numbers.
Job Openings Hit Multi-Year Low
- The JOLTS report showed job openings fell to about 7.18 million, a level not seen since early pandemic years.
- George Gammon flags the drop as a clear downward trend in labor demand versus recent years.
Labor Market Crosses Critical Threshold
- The labor market crossed a threshold from supply-constrained to demand-constrained in July.
- That means there are now more unemployed workers than job openings for the first time since 2021.