It's worse than you think:
After a SECOND data revision, the US went from "adding" 147,000 jobs in June 2025, to LOSING -13,000 jobs.
Cumulative payrolls have now officially been revised down by -1.1 MILLION jobs since February 2022.
What is happening here?
(a thread)
The U.S., China, and Japan all have stock markets at record highs.
At the same time, their economies face weak growth, layoffs, property crises, and stagnant wages.
Markets are soaring while households struggle. What’s driving this split?
(a thread)
This is concerning:
The US economy has lost -142,200 jobs over the last 4 months when excluding healthcare, the most since 2020.
US nonfarm payrolls excluding healthcare fell by -53,000 in May, -71,800 in June ,and -24,800 in August.
Over the last 25 years, such a rapid…
This is concerning:
The US economy has lost -142,200 jobs over the last 4 months when excluding healthcare, the most since 2020.
US nonfarm payrolls excluding healthcare fell by -53,000 in May, -71,800 in June ,and -24,800 in August.
Over the last 25 years, such a rapid… https://t.co/RQqsxdtXzs
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