Jobs crashed the most since Covid, losing 92,000 on the month. – Whatfinger News' General Dispatch
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Tuesday / May 19.
HomeWhatfinger NewsJobs crashed the most since Covid, losing 92,000 on the month.

Jobs crashed the most since Covid, losing 92,000 on the month.

And that was before the war. Some of it’s federal layoffs or counting deportations as lost jobs. But a big hunk is AI starting to feast on entry-level jobs
  • And it gets worse under the surface. December was revised to -17K. That is three negative prints in five months. Federal government alone down 330K since Oct 2024 peak. Yet wages still running +3.8% y/y. The Fed is stuck between a labor market cracking and inflation that has not even priced in $90 oil yet. CR

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Latest comments

  • This was a great reminder for me. Thanks for posting.

  • I like how you kept it informative without being too technical.

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