Jobs Report Disaster: Major Warning for the U.S. Economy

"I believe that we lost well over 100,000 jobs in February. You just wait for the revisions to happen. Like you know that's what's going to happen."

"And the expectation is that this is just going to get worse as the price of oil rises and supply chains are disrupted."

"And I'm telling you, that's actually not good. So, 10% might not seem like a lot, but it's trending up and it's it's accelerating pretty quickly because in 2025, AI was responsible for 5% of total job cuts. In 2023, AI was responsible for 3%. And here we are today at 10%. And in my opinion, like I've said this previously, that this is just going to accelerate. And this is going to be a really big impact on white collar jobs."

"However, I if you've been paying attention, those tariffs, they're going to be temporary. And in my opinion, they're going to be ruled illegal as well. They might not be ruled illegal immediately, but you know, that's ultimately what's going to happen. At least that's my opinion."

"The price of oil, WTI, has now breached $90 a barrel. And this is not going to be good for the US economy."

"And if the price of oil rises, then it's going to hurt consumers. It's going to hurt cons, you know, consumer discretionary spending. And then that's going to hurt corporate profits. And then what's going to happen? We're going to get more layoffs."

"And this is not going to be good for the CPI inflation report. And I'm telling you that that's going to be a problem for the Federal Reserve."

"So for the June meeting, there are decent odds that there's going to be interest rate cuts about a 51.3% chance. So it's going to be basically a coin toss whether they cut interest rates or not. And in my opinion, we will see more interest rate cuts. I would expect it to be in June. Otherwise, like why would President Trump have selected that new Fed chair, right?"

"My bet is that they're going to say although inflation is rising, it's under control, it's transitory, it's it's temporary, something along those lines, and that they have to focus on the weakening labor markets. So, it's my belief that they're going to use that, the unemployment rate, as their justification or excuse to cut interest rates."

"A weakening labor markets, oil prices on a tear, and that's not leading us down a good path, which is just, okay, it's not inflation. The concern is stagflation. So that's going to be even worse."

"I'm just saying that if this war rages on, like there's no deescalation, then the labor market's going to suffer even more than it has been already."