BREAKING 🚨
US job market shows signs of weakness, with only 9% of small business owners planning to hire over the next 3 months, the lowest since May 2020.
Small business hiring plans have trended lower over the last 6 months, historically a leading indicator for nonfarm private payrolls by roughly 4 months ⚡. This suggests private payroll growth could turn negative as early as Q3, with small firms accounting for ~46% of all US private sector employment.
Stay tuned for updates 📈.