American companies announce only 1,494 new jobs in August, the lowest for the month since 2009, per Bloomberg.
Layoffs surged 39% to 85,979.
And the US now has more unemployed than job openings for the first time since April 2021.
You don’t realize how weak the economy is.
Don’t quit your job. Now is not the time.
If you lose your job, it will to take a long time to find another one.
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The economy is probably fine, assuming you only mean gdp. We are probably seeing a massive rise in productivity, because of AI.
AI is fundamentally useless at doing anything then being average, as it turns out a lot of employers would love to replace their staff with the average output off their staff.
