WARNING: New Labor Market Data Worst Since 2009
Rebel Capitalist News
George Gammon
4.7 • 1.1K Ratings
🗓️ 6 February 2026
⏱️ 20 minutes
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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 Robo Capital, so hope you're well. |
| 0:02.2 | More data on the labor market. |
| 0:05.6 | You guys know that's what the focus is here on this channel because we're trying to figure out what on earth is going on with the economy. |
| 0:13.1 | Is the labor market right? |
| 0:15.4 | Or is it real? |
| 0:16.2 | Whoa, is it real GDP? |
| 0:19.5 | Which one is correct and which one is false and lying and misleading all of us? |
| 0:26.0 | So whenever we get more information on the labor market itself, |
| 0:29.3 | we definitely want to pay attention to that. |
| 0:32.1 | So let's go over to the survey with probably the weirdest name, I can imagine. |
| 0:40.1 | And that is the Challenger Gray and Christmas survey. |
| 0:45.7 | Just came out yesterday. |
| 0:47.6 | And remember, if you didn't watch the video yesterday that I did on the labor market, |
| 0:53.8 | we had low ADP numbers. |
| 0:56.2 | We had initial claims, spike, and joltz numbers. |
| 1:02.1 | We had extremely, extremely poor joltz numbers. |
| 1:06.2 | There's job openings. |
| 1:07.2 | So let's get into the nitty gritty here from the most recent Challenger, |
| 1:13.2 | Gray and Christmas report. Obviously, their last names, but it kind of just sounds weird when |
| 1:20.2 | you Christmas and gray. Here we go. Job cuts surge in January. Highest January total since 2009. So I don't know how you can sit there and argue. Now, I do know how you can sit there and argue that the United States economy is booming. |
| 1:45.0 | And that's if you only look at GDP. If you only look at that one metric, I totally get it. |
| 1:51.7 | But when you look at all the other metrics, I don't know how you can come to that conclusion |
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