BREAKING: The number of people working MULTIPLE jobs in the US hit 8.66 million in September, a new record.
This is ~300,000 above the peak seen before the pandemic and ~600,000 above the 2008 peak. Furthermore, the number of part-time jobs has jumped by ~3 million over the last 3 years to a near-record 28.2 million. Concerningly, full-time employment has declined by 1 million since November 2023. Multiple jobholders have been rapidly rising over the last few years as Americans are fighting record-high prices. Millions of Americans are working multiple jobs to afford basic necessities. Source: The Kobeissi Letter
US Yields back at 4% for the first time since August
Monday 7th of october 2024 recent yields move US Treasury 2yrs and 10yrs
Top 10 largest US Stocks vs the rest of the S&P 500 so far in 2024
Source: www.econovisuals.net
‼️IN REALITY US JOB MARKET SHED 458,000 PRIVATE JOBS IN SEPTEMBER‼️
Not seasonally adjusted private sector workers FELL by 458,000 in Sep. Government jobs SPIKED 918,000 This largely came as young people left summer jobs and returned to school while teachers went back to work. Source: Global Markets Investor
33 days away from election day, it looks like the markets see Republican Vance as the clear winner of the VP debate Vance/Walz.
The GS Republican policy pair depot has risen significantly, while the GS Democrat policy pair depot has fallen recently. Source: HolgerZ, Bloomberg
US job market is cooling down...
US Private businesses added 143,000 workers to their payrolls in September. Adjustment was almost 2x prior Septembers elevating the print,!!! On a non-seasonally adjusted basis payrolls FELL 260,000, the worst September in history. Source: Global Markets Investor
🚨 BANK OF AMERICA OUTAGE LEAVES CUSTOMERS UNABLE TO ACCESS ACCOUNTS, SPARKS PANIC🚨
Bank of America customers experienced a major outage on Wednesday, with many unable to access their accounts or seeing $0 balances. The issue, reported on Downdetector, began around 12:45 pm ET. While the bank's app stated accounts were "temporarily unavailable," users flooded social media with concerns. Bank of America has yet to clarify the cause or confirm if funds were at risk. Source: Downdetector thru Mario Nawfal
Total US debt explodes to $35.7 trillion on Oct 1, up $345 billion from Sept 27.
Source: www.zerohedge.com
