EvanChristensen
commented on
All the headline numbers have showed that the labor market is incredibly strong.
But is it really?
Currently, the US has a record ~8.6 MILLION people that are holding 2 or more jobs.
Since 2020, nearly 2.6 million people have taken on an additional job.
Even in the 2008 financial crisis, the worst recession since the Great Depression, this did not happen.
On top of this, 10 of the last 11 months have seen downward revisions in their jobs number.
Is the labor market really THAT strong?
$S&P 500 Index (.SPX.US)$ $Dow Jones Industrial Average (.DJI.US)$ $Nasdaq Composite Index (.IXIC.US)$
But is it really?
Currently, the US has a record ~8.6 MILLION people that are holding 2 or more jobs.
Since 2020, nearly 2.6 million people have taken on an additional job.
Even in the 2008 financial crisis, the worst recession since the Great Depression, this did not happen.
On top of this, 10 of the last 11 months have seen downward revisions in their jobs number.
Is the labor market really THAT strong?
$S&P 500 Index (.SPX.US)$ $Dow Jones Industrial Average (.DJI.US)$ $Nasdaq Composite Index (.IXIC.US)$
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EvanChristensen : It’s absolute shit that people need to jobs to support themselves, and although a considerable amount of that demand has been driven in the near term by inflation, the stagnant wages in the labor market over the last four decades is beginning to rear its ugly head