The US now has more unemployed people than job openings for the first time since April 2021. pic.twitter.com/D82jmvYP4L
— *Walter Bloomberg (@DeItaone) September 3, 2025
“The number of job openings fell to 8.8 million in July, the lowest level since March 2021. Meanwhile, the number of unemployed people rose to 6.4 million.” https://www.cnbc.com/2025/09/01/job-openings-fall-to-lowest-level-since-2021.html Two numbers. One verdict. The gap is gone. The buffer is gone. The illusion of choice is gone. Employers aren’t hiring. Workers aren’t working. And the system that promised recovery is now quietly admitting it never arrived.
“The ratio of job openings to unemployed people fell to 1.4 in July, down from 2.0 a year ago.” https://www.wsj.com/articles/job-openings-fall-to-lowest-level-since-2021-9b3f3e4a The Fed wanted slack. It got fracture. And now the same policymakers who engineered this downturn are pretending it’s a soft landing.
“The quits rate — a measure of worker confidence — fell to 2.3%, the lowest since January 2021.” https://www.bls.gov/news.release/jolts.nr0.htm Confidence didn’t fade. It fled. Workers aren’t quitting because they’re scared. Scared of being stranded. Scared of being replaced. Scared of being punished for asking for more. The labor market isn’t flexible. It’s brittle. And it just snapped.
“Layoffs and discharges rose to 1.6 million in July, up from 1.4 million the month before.” https://www.bls.gov/news.release/jolts.nr0.htm That’s not trimming. That’s purging. Employers aren’t adjusting. They’re ejecting. And the people being discarded aren’t just numbers — they’re the same ones who were called essential two years ago. Now they’re expendable. Again.
“The number of long-term unemployed — those jobless for 27 weeks or more — rose to 1.2 million.” https://www.bls.gov/news.release/empsit.nr0.htm
good news: government job openings crater to pre-covid levels. pic.twitter.com/VsDOyqcGgH
— zerohedge (@zerohedge) September 3, 2025
