đšUS Job Market Alert: Hidden Recession in Progress
Today Top 3 Viral Coins watch these closely
The U.S. labor market is showing serious weakness: over the last four months, the economy lost 164,000 jobsâexcluding healthcare and social assistance. This is the worst drop since the 2020 pandemic and the weakest period outside of 2020 since the Great Financial Crisis.
Healthcare and social assistance were among the few sectors actually adding jobs, masking the broader downturn. Under the surface, most industriesâmanufacturing, retail, tech, and servicesâare shedding jobs, signaling a hidden crisis in the labor market.
The data highlights a dangerous trend: while headlines may show stability thanks to healthcare, the real economy is under stress, and policy makers may need to act fast to prevent a deeper recession. The coming months could reveal whether this slowdown spreads across the entire U.S. job market.