⚠️CHART OF THE WEEK: US private sector hiring is at recession levels

The job market does not seem to be as strong as headlines claim

Author

Global Markets Investor
February 22, 2025

US hiring in the private sector has declined for 29 months straight, marking the longest streak since the Great Financial Crisis of 2007-2009.

As a consequence, the hiring rate dropped to 3.6% in December, the second-lowest in 10 years, almost in line with the 2020 Crisis low.

What does it mean for the US labor market going forward?

Please find a full analysis of the job market in the following articles:

🚨US layoffs are surging at a recessionary pace

February job report showed a lot of labor market weakness

globalmarketsinvestor.beehiiv.com/p/us-layoffs-are-surging-at-a-recessionary-pace

!!️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

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