🚨US layoffs surpassed the Great Financial Crisis levels

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

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Global Markets Investor
April 09, 2025

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In the previous analysis of the US labor market using the February data (and January data for job openings) we concluded with the following sentence which turned out to be true as ever.

“Therefore, it is time to switch to a mentality of sell the rallies from the mentality of buy the dip.”

🚨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

Now as the March job report was released last week time to review what is happening in the labor market of the world’s largest economy.

The Bureau of Labor Statistics (BLS) estimates the US economy created 228,000 jobs in March, according to a report released Friday, April 4. This was way above Wall Street’s expectations of 133,000. The unemployment rate rose slightly to 4.2%, the highest since October 2021 and above estimates of 4.1%.

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Remember, this is all unrevised data yet and it will take months until we will get final numbers as was emphasized in most previous labor market analyses.

⚠️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

Before you proceed to the full article, I recommend going through the previous reports if you have not yet. November analysis is also available for free subscribers.

🚨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

🚨BLS reports job market is in fantastic shape but consumers think the opposite

Data is skewed again by seasonal adjustments and low quality of jobs

globalmarketsinvestor.beehiiv.com/p/bls-reports-job-market-is-in-a-fantastic

🚨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

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

JANUARY AND FEBRUARY SAW SIGNIFICANT DOWNWARD REVISIONS

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