Jobs Are No longer Hiring

Hiring has near completely dried up in the US labor market, contrary to all mainstream talk of a booming economy. JOLTS hires was the lowest since March and April 2020, and apart from those the worst in six and a half years. That substantial weakness was further corroborated by some of the biggest companies in the world reporting sharply lower results on increasing consumer difficulties. Yet, everyone will be focused entirely on the Fed and its absurd "inflation" fixation. Eurodollar University's Money & Macro AnalysisFOMC Chair Powell Press Conference Playback May 1, 2024https://www.youtube.com/watch?v=o0unztmcLvAUSA Todayhttps://www.usatoday.com/story/money/2024/03/07/job-market-cooling-despite-high-employment-numbers/72846912007/Behind the rosy job numbers, Americans are struggling to find workBloomberg Starbucks Posts First Sales Drop Since 2020 During Global Pullbackhttps://www.bloomberg.com/news/articles/2024-04-30/starbucks-sbux-sales-slump-as-customers-pull-back-across-the-world?srnd=allBloomberg  KFC Owner’s Sales Fall for First Time Since 2020https://www.bloomberg.com/news/articles/2024-05-01/kfc-owner-s-sales-fall-for-first-time-since-2020-as-weakness-spreadsISM Manufacturing Press Releasehttps://www.ismworld.org/supply-management-news-and-reports/reports/ism-report-on-business/pmi/april/https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU