OK, thats crazy. But when I saw your post, all I could think of was Missile Command.
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Jerome Powell: “There is effectively ZERO net job creation in the private sector.”
US job growth in February has been revised down from to a total loss of -92,000 jobs to -133,000 jobs.
It's the largest loss since December 2020.
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Andrew Lokenauth | TheFinanceNewsletter.com (@fluent.in.finance) on Threads
Jerome Powell: “There is effectively ZERO net job creation in the private sector.” US job growth in February has been revised down from to a total loss of -92,000 jobs to -133,000 jobs. It's the largest loss since December 2020.www.threads.com
But the labor force continued to shrink in March amid the crackdown on illegal immigration and a tightening up of some work-visa programs. In March, the labor force fell by another 396,000 workers.
Over the past five months, the labor force has plunged by 1.45 million people (six-month data not available because October is missing due to the government shutdown). The labor force is the supply of labor, composed of people who are working or actively looking for work. And this supply of labor has shrunk by 1.45 million in five months! This is huge
As nonfarm payrolls have grown only very slowly over the past six months, while the labor force has been shrinking rapidly, the total number of unemployed people has plunged by 542,000 over the past five months.
And so the unemployment rate ticked down to 4.26%, the lowest since June 2025 – from a historical perspective a tight labor market, but tight for the reason of a shrinking labor force (supply of labor), not strong job creation (demand for labor).
4th quarter growth rate revised down to 0.5%. I believe there's a word for zero growth + high inflation.
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US fourth-quarter GDP growth revised lower to a 0.5% rate
U.S. economic growth slowed more than previously estimated in the fourth quarter amid downgrades to business investment, including inventory accumulation, but corporate profits increased sharply, government data showed on Thursday.www.reuters.com
4th quarter growth rate revised down to 0.5%. I believe there's a word for zero growth + high inflation.
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US fourth-quarter GDP growth revised lower to a 0.5% rate
U.S. economic growth slowed more than previously estimated in the fourth quarter amid downgrades to business investment, including inventory accumulation, but corporate profits increased sharply, government data showed on Thursday.www.reuters.com