⚠️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

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Global Markets Investor
February 22, 2025

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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 article:

!!️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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