...looks like private sector recession is already in, official jobs data masked by Govt and part time jobs.
US JOB CUTS ANNOUNCEMENTS ARE SKYROCKETING
The number of job cuts announcements by US employers hit 174,597 year-to-date, almost 3 TIMES the volume seen in 2022.
In September, firms announced 72,821 layoffs, the SECOND-HIGHEST September in 13 YEARS (only below 2020).
https://x.com/GlobalMktObserv/status/1841923676306080142
...looks like private sector recession is already in, official...
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