The Jobs Report Shows a Labor Market in Big Trouble

"Most likely they're going to be revised downward and most likely heavily. As a matter of fact, even Jerome Powell, who's the chair of the Federal Reserve, recently said that most likely these job figures are being drastically overstated. Powell said that he suspects that the job numbers are overstated by as much as 60,000 jobs per month."

"However, the thing is that I expect the rate of inflation to sharply accelerate in 2026. Because you have to remember that the Federal Reserve has turned the money printers back on as of last Friday."

"So, the money supply has been growing at an annualized rate of approximately 5% recently. But now, I mean, we have the situation where the money printers are turned back on and interest rate cuts have been happening in Q4 and there's going to be more money loaned into existence and we're going to be closer to 6% as of right now."

"at the last Federal Reserve meeting, they released their projections in their SEP. their summary of economic projections and they forecasted that they're only going to cut interest rates one time next year in 2026 by just 0.25%."

"But then again, as I mentioned in my previous video, the new Fed chair comes into power in May of 2026 and most likely they're going to cut interest rates by more than just 0.25% for the entirety of 2026."