New Jobs Data Reveal The TRUTH About The Economy
Rebel Capitalist News
George Gammon
4.7 • 1.1K Ratings
🗓️ 1 October 2025
⏱️ 18 minutes
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| 0:00.0 | Hello, fellow Rebel Capitals, hope you're well. So we have big news in the jobs market. |
| 0:06.4 | And as you guys remember, this week is going to be epic. We have the Joltz numbers today. We have |
| 0:14.3 | 80P tomorrow. And then we top off the week with the non-farm payrolls. So let's go into the joltz numbers today. And the key |
| 0:24.1 | takeaway is the amount of job openings are still a lot lower than the amount of people who are |
| 0:34.4 | unemployed. And if you remember by watching my, if you guys have been |
| 0:38.3 | watching the videos, you remember we've been talking about how this is a fundamental shift. |
| 0:42.9 | This is a paradigm shift in the labor market where we went from having, let's just say, |
| 0:48.6 | this many job openings and we had this many people unemployed to now we have this many job openings |
| 0:55.8 | and this amount of people unemployed. |
| 0:59.1 | And that's when you can really tell the labor market is deteriorating quickly. |
| 1:06.1 | And obviously, the labor market is the key component here with the overall economy. |
| 1:12.0 | So let's go into Zero Hedge. They got a great article on this. And then I want to focus specifically on construction |
| 1:19.0 | jobs, guys. That's really where the rubber meets the road. So let's go over to Zero Hedge, |
| 1:27.4 | go all the way to the top. |
| 1:29.4 | Ugly Joltz shows mostly unemployed versus most unemployed versus job openings. |
| 1:36.8 | The plunge in hiring and quits. |
| 1:38.6 | So it was actually a little bit above expectations. |
| 1:42.1 | So that was kind of good. |
| 1:43.7 | But it was still a really ugly data point, |
| 1:47.5 | or the report itself was still ugly, although slightly higher. Okay, so let's check this out. Job |
| 1:53.2 | openings remain depressed. If rising modestly from the upward revised July print of 7.2 to 7.227. The estimate was 7.2. It's just slightly higher than the |
| 2:06.4 | estimate, but we're not at the place or we didn't jump back up to that level where there are more |
... |
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