Hello from the Rebel Capitals, hope you're well. So we've all heard in the mainstream media that the job market is tight, the job market is resilient, and therefore the economy is on fire but the most recent data would suggest otherwise.

When you combine this with all the other data points that we look at on this channel,

I think it's safe to assume that the unemployment rate may go up

substantially moving into 2024, which could mean millions of Americans may lose their jobs.

Let's get into this data and check it out.

This is from Zero Hedge and the author is Torston Sloke via Apollo Academy.

com. I have no idea who this is but the article had some really

really cool charts the title is what comes after a soft landing more slowing

but I don't know who wrote this title it was I don't landing more

slowing but I don't think it was a very good title I think it's more about the

unemployment rate so check this out to go through these charts

unemployment growth or excuse, employment growth has slowed.

So they've got this chart going, actually let me see if I can zoom in.

Ah, yes, I can't.

So the, let's see, non-change and non-farm payroll,

oh wow, that is, geez, that is declining, isn't it?

So you had the three month moving average at 700, that would be 700,000 I believe, in September 21 and

then it just keeps pretty much going straight down there's a volatility in there as you would

have matched but it gets to where we are today at roughly 150.

Now the first thing that would come to my mind is do these numbers include the the changes or what do they call them Josh the when they go

back and make the revised numbers yeah Yeah, the revisions, which we know that pretty much every single month for the last what 15 months or so, they've revised the prior months numbers down substantially.

Like over the last couple of months, I think they revise the numbers down by like 150,000.

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