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Rebel Capitalist News

The Labor Market Is NEVER Supposed To Do This...And It Just Did

Rebel Capitalist News

George Gammon

Business, Investing

4.71.1K Ratings

🗓️ 3 June 2026

⏱️ 16 minutes

🧾️ Download transcript

Summary

Rebel Capitalist Live VII: Protect & Grow Your Wealth Before the Next Crisis https://rcl.georgegammon.com/live Want the cheat code to protect and grow your wealth? Check out Rebel Capitalist Pro https://rcp.georgegammon.com/pro

Transcript

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0:00.0

Hello, fellow Rebel Capitals, hope you're well.

0:03.3

So we had the Joltz numbers come out today, and they shocked the market.

0:07.9

That is not an overstatement.

0:11.1

They are at, they blew them away.

0:13.2

I think Zerohead said, said a nine sigma beat, whatever that means.

0:18.9

I know it's a big beat, that's for sure. But what's bizarre about this

0:23.9

report is not just that the numbers were just blew out expectations, but that the actual

0:30.6

quits numbers went down. Went down. Now, why would the quits numbers go down?

0:42.2

Usually that means that people are more fearful about the job market.

0:45.1

So how do we reconcile this? How do we square the circle where the job openings are a nine sigma beat,

0:51.3

according to zero hedge?

0:52.6

We'll get into that article in a moment.

1:03.5

But yet everyone or no one is quitting their job because they're afraid of how poor the labor market is.

1:06.9

And they don't think they can get a better job.

1:16.8

So let's do a screen share and go over the actual numbers and then try to put the pieces of the puzzle together here. Because again, this is really, really bizarre. You would never expect

1:23.5

this to happen. That's why I titled the video, this is never supposed to happen. And it isn't.

1:28.5

Because usually when you have job openings go up, the quits numbers goes up as well. Because it's a

1:33.4

sign that the labor market is actually improving. Okay, let's go over to zero hedge. Here you go.

1:40.0

Shocking. Joltz numbers. Job openings soar by 731,000 now normally that's not a

1:48.9

massive number or anything like that but it is relative to expectations and that's where

1:54.7

they're getting this nine sigma beat as quits bizarrely plunge to a three-year low.

2:02.6

And I'm going to restate this one time or one more time just to make sure that we're

...

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