- Global Markets Investor
- Posts
- ⚠️The US job market is not picking up as the headlines suggest.
⚠️The US job market is not picking up as the headlines suggest.
The labor market of the world’s largest economy continues to deteriorate beneath the surface.
🔥25% OFF AN ANNUAL SUBSCRIPTION, BLACK FRIDAY AND THANKSGIVING PROMO
Click below to redeem, expires Friday 28 November before midnight.
🔥🔥 GLOBAL MARKETS INVESTOR PORTFOLIO — UP 56% 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:
The Bureau of Labor Statistics (BLS) estimates the US economy created 119,000 jobs in September, according to a report released November 20. This was above Wall Street’s expectations of 51,000. As a result, the 3-month moving average rose to 65,000, the third-highest since the 2020 Crisis.

The unemployment rate rose 0.1 percentage points to 4.4%, the highest in 4 years and below expectations of 4.3%.

The rise was driven by the increase in Black and Hispanic or Latino unemployment.


At first glance, the jobs report shows a mixed picture. But when we dig further into the data, the real weakness becomes more clear.
Where to Invest $100,000 According to Experts
Investors face a dilemma. Headlines everywhere say tariffs and AI hype are distorting public markets.
Now, the S&P is trading at over 30x earnings—a level historically linked to crashes.
And the Fed is lowering rates, potentially adding fuel to the fire.
Bloomberg asked where experts would personally invest $100,000 for their September edition. One surprising answer? Art.
It’s what billionaires like Bezos, Gates, and the Rockefellers have used to diversify for decades.
Why?
Contemporary art prices have appreciated 11.2% annually on average
…And with one of the lowest correlations to stocks of any major asset class (Masterworks data, 1995-2024).
Ultra-high net worth collectors (>$50M) allocated 25% of their portfolios to art on average. (UBS, 2024)
Thanks to the world’s premiere art investing platform, now anyone can access works by legends like Banksy, Basquiat, and Picasso—without needing millions. Want in? Shares in new offerings can sell quickly but…
*Past performance is not indicative of future returns. Important Reg A disclosures: masterworks.com/cd.
Lastly, it is worth noting, as always, that previous job reports have significantly overestimated the real numbers, which has happened repeatedly over the last few years and is probably the case now.
After the paywall you will find the full analysis of the most recent jobs report, as well as forward-looking data from other providers.
FREE REPORT EXAMPLES INCLUDING THE JUNE’S REPORT ARE LINKED BELOW
Links to the previous analysis is below.
FULL BREAKDOWN OF THE REPORT SHOWS A LOT OF WEAKNESS, DOWNWARD REVISIONS CONTINUE





