BREAKING: The number of private hires as a % of private employment fell to 3.6% in June, the third-lowest since the 2020 low.
This comes as the number of private hires declined by -246,000, to 4.9 million, marking the biggest monthly drop since June 2024.
The private hiring rate has now fallen by ~1.5 percentage points over the last 4 years.
It is currently below 2001 recession levels and aligns with readings from the 2008 Financial Crisis.
It also remains well below the pre-pandemic average of ~4.0%.
The US labor market is stalling.
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This comes as the number of private hires declined by -246,000, to 4.9 million, marking the biggest monthly drop since June 2024.
The private hiring rate has now fallen by ~1.5 percentage points over the last 4 years.
It is currently below 2001 recession levels and aligns with readings from the 2008 Financial Crisis.
It also remains well below the pre-pandemic average of ~4.0%.
The US labor market is stalling.
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BREAKING:
WHITE HOUSE CRYPTO REPORT URGES TO REMOVE CAPITAL GAINS TAX ON SMALL #BITCOIN PAYMENTS
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WHITE HOUSE CRYPTO REPORT URGES TO REMOVE CAPITAL GAINS TAX ON SMALL #BITCOIN PAYMENTS
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Media is too big
VIEW IN TELEGRAM
Ozzy Osbourne's funeral procession takes place today. Farewell to the Prince of Darknessβmay he rest in peace.
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Once this man cuts ratesβ¦
BITCOIN & ALTCOINS WILL GO PARABOLIC!
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BITCOIN & ALTCOINS WILL GO PARABOLIC!
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Texas just unveiled their redistricting map. 5 Dem seats - eliminated. HeII yeah!
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NEW - Whites-only Return to the Land community in Arkansas shows "no evidence of violating the law" in a preliminary review by Arkansas AG Tim Griffin's office.
Griffin initially claimed that the groupβs existence "raise all sorts of legal issues."
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Griffin initially claimed that the groupβs existence "raise all sorts of legal issues."
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JUST IN: Treasury Secretary Bessent says he is not expecting the Federal Reserve to cut interest rates today.
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JUST IN - All of Londonβs airspace closed due to a "technical failure."
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βOne of the sad signs of our times is that we have demonized those who produce, subsidized those who refuse to produce, and canonized those who complain.β
β Thomas Sowell
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β Thomas Sowell
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