*ALTERNATIVE DATA FLASH โ ๏ธ*
New signals point to accelerating weakness in the U.S. job market. ๐
According to Revelio Labs:
โข U.S. *nonfarm employment dropped by -9,100 in October* โ the *2nd-largest decline in 5+ years*
โข Revelio sources data from company sites, LinkedIn, Indeed & staffing agencies for real-time labor insights
๐ October's drop was driven by *government job losses*, which erased modest private-sector gains.
๐ *Septemberโs numbers were also revised sharply lower* โ from +60,100 to just +33,000
That revision? A drop of *-27,100*
๐ In total, downward revisions for *JuneโSept* now stand at *-142,500 jobs*
๐งฉ The message is clear:
*The cracks in the labor market are growing โ and fast.*
Investors and policymakers, take note.
