⚠️The US job market is set to deteriorate

One leading indicator suggests further weakness in the US labor market

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The Kansas City Fed Labor Market Conditions Index fell to 0.26 points in May, the lowest since April 2021. On the following chart, the index is inverted and represented by the blue line.

The index measures the job market strength based on 24 indicators. This gauge has declined for 3 consecutive years.

In previous economic cycles, this has been a leading indicator for unemployment.

To put this simply, this signals the US unemployment rate will likely continue to rise.

Read the full analysis of the US job market in the article below.

⚠️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

⚠️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

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