Joey Politano🏳️🌈 @josephpolitano.bsky.social · Jun 2 NEW: US labor market flows remained sluggish in April data released this morning, as hiring fell to the 3rd-lowest level since early 2013 The hiring rate fell to 3.2%, layoffs fell to 1.1%, quits fell to 1.9%, and job openings rose to 4.6%
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That increase in the job openings seems a bit....suspicious.
“The market reaction to this employment data is proof there is a synchronized setup for collapse: when oil futures converge, AI valuations crack, and the SpaceX IPO drains institutional liquidity, the artificial floor disappears. 1/2 #StockMarket #MarketManipulation #EconomicCrisis
Lower everything (except job openings) to me reads as employers and employees are nervous about the state of the economy, not quite ready to "lose seniority" by changing roles, even if there is a salary upside, and also not letting go of employees given the difficulty hiring.