⚠️August's US jobs report was the weakest in years

Will the stock market notice?

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Global Markets Investor
September 08, 2025

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🔥🔥 GLOBAL MARKETS INVESTOR PORTFOLIO — UP 40% SINCE JANUARY 2024, DURING THE MARCH-APRIL 2025 MARKET TURMOIL, MAJOR US INDEXES FELL NEARLY 20%, WHILE THE GMI PORTFOLIO GAINED OVER 5%, FIND OUT HOW BELOW:

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The Bureau of Labor Statistics (BLS) estimates the US economy created 22,000 jobs in August, according to a report released September 5. This was below Wall Street’s expectations of 75,000 and one of the lowest readings in 4 years. Interestingly, this number came below 79 of 80 forecasts, according to Bloomberg.

The unemployment rate rose to 4.3%, in-line with expectations of 4.3%. Unrounded, the jobless rate was 4.324%, up from 4.248% in July and the highest since October 2021. By comparison, it was 4.244% in May and 4.152% in March.

For major groups, Black workers saw unemployment rise to 7.5%, the highest level since 2021. Unemployment edged up for all other groups as well. Whites reached 3.7%, Asians 3.6%, and Hispanics 5.3%.

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Obviously, these job numbers are initial and imprecise estimates and are subject to subsequent revisions.

⚠️CHART OF THE WEEK: Massive revisions are coming to the US job market

If revisions materialize, we will see negative payrolls growth

globalmarketsinvestor.beehiiv.com/p/chart-of-the-week-massive-revisions-are-coming-to-the-us-job-market

⚠️US job gains were likely OVERSTATED by ~900,000 in 2024:

Massive job downward revisions will continue in the US

globalmarketsinvestor.beehiiv.com/p/us-job-gains-were-likely-overstated-by-900-000-in-2024

Behind the paywall, you will find out the full analysis of the US labor market, including forward-looking indicators, job openings, and layoffs data.

FREE REPORT EXAMPLES INCLUDING THE JUNE’S ONE ARE LINKED BELOW

⚠️The US private sector employment is in a recession

US labor market trends are heading in the undesired direction

globalmarketsinvestor.beehiiv.com/p/the-us-private-sector-employment-is-in-a-recession

🚨November job market report is worse than many think

Please find the job market breakdown of the world's largest economy

globalmarketsinvestor.beehiiv.com/p/november-job-market-report-is-worse

Links to the previous months’ reports are also below.

⚠️The US labor market suggests the economy is in a recession

Massive downward job revisions continue, and it is not over yet

globalmarketsinvestor.beehiiv.com/p/the-us-labor-market-suggests-the-economy-is-in-a-recession

⚠️The US labor market headline numbers are useless

The job market is in a way worse shape than the non-farm payrolls readings show

globalmarketsinvestor.beehiiv.com/p/the-us-labor-market-headline-numbers-are-useless

The US job headline numbers are overstated

The US labor market continues to deteriorate under the surface

globalmarketsinvestor.beehiiv.com/p/the-us-job-headline-numbers-are-overstated

🚨US layoffs surpassed the Great Financial Crisis levels

March job report showed some resilience but other data points to a labor market deterioration

globalmarketsinvestor.beehiiv.com/p/us-layoffs-surpassed-the-great-financial-crisis-levels

!!️The US job report for January was a complete mess

Despite the last two months' positive revisions, the US job market is likely to deteriorate further

globalmarketsinvestor.beehiiv.com/p/the-us-job-report-for-january-was-a-complete-mess

The US economy shrank in Q1 2025, but is this really that bad?

Is the US economy in a recession?

globalmarketsinvestor.beehiiv.com/p/the-us-economy-shrank-in-q1-2025-but-is-this-really-that-bad

🚨Expect more layoffs in the United States

US executives are getting more pessimistic about the outlook of the world's largest economy

globalmarketsinvestor.beehiiv.com/p/expect-more-layoffs-in-the-united-states

⚠️US labor market lost jobs in Q2 2024

2025 revisions will likely show that Q2 2024 job growth was negative

globalmarketsinvestor.beehiiv.com/p/us-labor-market-lost-jobs-in-q2-2024

US job numbers have been revised down by 818,000 for the 12 months through March 2024

Economic data revisions have been much higher than usual over the last 18 months

globalmarketsinvestor.beehiiv.com/p/us-job-numbers-have-been-revised

DOWNWARD REVISIONS HAVE ALMOST NEVER BEEN THIS LARGE

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