Money
US labor market missing 8 million jobs as payroll growth collapses
Tom Bilyeu Impact Theory
Your Wallet Is Already Losing to a Recession No One Will Call One
What was said
"Payrolls have been site in 2025 there was 180,000 payrolls total for the entire year. That's the payroll growth according to establishment for an entire year economy of this size. I remember a couple years ago when 180,000 was a bad month. Now 180,000 for an entire year. So you look at where payrolls are versus the trend. It's 8 million jobs short."
Jeff Snider reveals that US payroll growth in 2025 totaled only 180,000 jobs for the entire year, a figure that used to represent a single bad month. When measured against pre-pandemic trends adjusted for population growth, the economy is 8 million jobs short of where it should be, explaining why the recovery never materialized and people remain impoverished despite government stimulus.
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- Programme
- Tom Bilyeu Impact Theory
- Episode
- Your Wallet Is Already Losing to a Recession No One Will Call One
- Clip time
- 15:24
- Original source
- Watch the source segment →
From this episode
Tom Bilyeu Impact Theory