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Rebel Capitalist News

Warning: The Job Market is Starting to Crack

Rebel Capitalist News

George Gammon

Investing, Business

4.71.1K Ratings

🗓️ 4 June 2024

⏱️ 20 minutes

🧾️ Download transcript

Summary

The Rebel Capitalist helps YOU learn more about Macro, Investing, Entrepreneurship AND Personal Freedom. ✅ Come to Rebel Capitalist Live here https://rebelcapitalistlive.com/   ✅ Check out my private, online investment community (Rebel Capitalist Pro) with Chris MacIntosh, Lyn Alden and many more for $1!! click here https://georgegammon.com/pro   ✅Rebel capitalist merchandise https://www.rebelcapitaliststore.com

Transcript

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0:00.0

Lovell of Rebel Capital's Hope You're Well, so we've got some new jobs data out and we see a bit of a warning side, a bit of a red flag.

0:08.6

As you guys know from watching my videos, the job market in the cycle is usually the last shoe to drop.

0:15.0

So let's go right over to CNN in fact and we're going to go over to Zero Hedge

0:20.0

and look at some charts give us a visual as to what's really happening underneath the surface here.

0:26.4

So we start with CNN and the jolts numbers are just out.

0:31.3

I think they came out today or yes, yeah, I think it was this morning and job openings

0:37.2

all to new three year low as the U.S. economy continues to slow and keep mind to the CNN.

0:43.6

So if anything, they're going to try to spin it

0:45.4

to make the economy seem better than it really is because obviously they want

0:49.7

Biden to win.

0:50.7

So that again, this is job openings so how many businesses out there have a

0:56.7

help wanted sign in the window or you know not literally but virtually or how many of

1:01.6

them are actively seeking employees is that number X

1:06.4

X minus Y and what this is saying is based on their statistics right now it's at a

1:12.2

three-year low. Now what's interesting now it's at a three-year low.

1:13.6

What's interesting is it's still above pre-pandemic levels but it's all about the

1:19.1

trend.

1:20.1

More on that just a moment here.

1:21.4

Things that I highlighted in this article,

1:23.0

the number of job openings in the US shrank

1:25.1

for the second month in a row,

1:26.2

setting a new three-year low

...

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