Akhtar39

The US labor market is no longer just cooling — it’s slipping. Fresh alternative data shows job losses are accelerating, private employers are cutting workers, and earlier reports are being revised sharply lower. Revelio Labs, which tracks millions of online career profiles and job postings in real time, now confirms that the economy has lost jobs for the second straight month.
📉 Nonfarm Payrolls Drop for the Second Month
The headline number tells a clear story.
US nonfarm payrolls fell by 9,000 jobs in November, marking the second month in a row of declines. This shift signals that the labor market has moved beyond moderation into an actual contraction.
Revelio Labs gathers its data directly from company hiring pages, LinkedIn, Indeed, and staffing firms, giving a more immediate snapshot than traditional government surveys. That’s why many analysts view this dataset as an early warning system for economic turning points.
⚖️ Private Sector Suffers While Government Hiring Cushions the Blow
A deeper look shows an important divide between private employers and government agencies.
➤ Private Sector
Businesses cut 19,400 jobs in November. This matters because the private sector drives most of the economy’s growth and innovation. When companies stop hiring or reduce staff, it often signals weakening demand, shrinking profits, or tighter financial conditions.
➤ Government Sector
In contrast, government agencies added 10,400 jobs, partially offsetting the losses in the private economy. Without this hiring boost, the overall employment picture would look much worse.
This growing gap suggests that the labor market’s underlying strength is weaker than the headline numbers imply.
📝 Downward Revisions Reveal an Even Softer Job Market
The troubling part isn’t just the current job losses — it’s how prior months keep getting revised sharply downward.
October’s job change was slashed by 6,400, bringing the month’s total to –15,500 jobs.
Over the past four months, revisions have erased 158,800 previously reported jobs.
That means more than 150,000 jobs we thought existed never actually did. These quiet corrections show that earlier data consistently overstated economic strength.
📉 Worst Employment Streak in Five Years
Zoom out and the trend becomes even more concerning.
Nonfarm payrolls have now declined five times in the last seven months, marking the worst streak since the peak of the pandemic.
This isn’t a random dip — it’s a sustained slowdown.
💭 What This Means for the Economy
This new data casts real doubt on the “soft landing” narrative. When you remove government hiring from the picture, the private economy is already shrinking. Job losses are rising, revisions are wiping out past gains, and the momentum is clearly turning negative.
A healthy labor market can’t rely on government hiring alone. With private sector weakness accelerating, the coming months may bring deeper cracks in economic activity, business confidence, and consumer spending.
The deterioration isn’t theoretical anymore — it’s happening now, and it’s gaining speed.

市场下正在酝酿着一些重大事情，信号每天都在变得更响亮。债券市场并没有礼貌地提醒美联储——它在大喊。以下是为什么量化宽松（QE）看起来有望回归的明确要点——以及这对像加密货币这样的风险资产意味着什么。👇
美联储已经放宽了——但长期收益率并没有合作。
美联储在最近的会议中已开始削减利率，但10年期和30年期国债收益率仍然处于或高于首次削减前的水平。这种不匹配是罕见而痛苦的：政策在纸面上变得更宽松，而市场上的长期融资成本却更高。当这种情况发生时，它通常表明市场认为政策出现了问题——这给中央银行带来了更大的压力，迫使其采取比短期削减更有力的措施。

这是2025年比特币拥有情况的清晰快照，以及这些数字为何重要。我重新改写了这段文字，使其更像我会发布的内容——直接、有力且实用——并添加了一些额外的要点，您可以在分享时使用。
拥有快照（股份，估计美元）：
零售持有者（个人） — 71.75% (~$1.76T)。零售仍然主导账本。
比特币ETF — 7.07% (~$173.2B)。ETF流动性使机构访问变得简单和可扩展。
尚未开采的币 — 5.23% (~$128.1B)。供应尾部仍然对稀缺性很重要。