What stands out here is the clear slowdown compared to the past few years. 2021–2022 were still in strong post-COVID recovery mode with huge job creation, but by 2025 we’re averaging under +100k a month, and June even dipped negative — first time since late 2020.
The revisions also matter: numbers keep being adjusted downward, which signals the labor market is weaker than the initial headlines suggest. That lines up with what we’ve been seeing — growth cooling, hiring slowing, and the Fed finally getting what it wanted with tighter conditions.
Not a collapse yet, but definitely a sharp deceleration compared to the last cycle 👍
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What stands out here is the clear slowdown compared to the past few years. 2021–2022 were still in strong post-COVID recovery mode with huge job creation, but by 2025 we’re averaging under +100k a month, and June even dipped negative — first time since late 2020.
The revisions also matter: numbers keep being adjusted downward, which signals the labor market is weaker than the initial headlines suggest. That lines up with what we’ve been seeing — growth cooling, hiring slowing, and the Fed finally getting what it wanted with tighter conditions.
Not a collapse yet, but definitely a sharp deceleration compared to the last cycle 👍
Quality post, well done.
Agree
Hero