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More than half of all industries are now shedding workers

DrVenture
in Other Investing
Moody’s Analytics chief economist Mark Zandi followed up his earlier warning that the economy is on the brink of a recession. On Sunday, he pointed out that the start of a recession is often not clear until after the fact. For now, the jobs data don’t signal a recession yet, but more than half of U.S. industries are already shedding workers.

The U.S. economy isn’t in a recession yet, but the number of industries cutting back on headcount is concerning, and future revisions to jobs data could show employment is already falling, according to Moody’s Analytics chief economist Mark Zandi.

Comments

  • DrVenture
    edited 3:36PM
    It might be prudent to consider this, if planning any changes to allocations. I will not be changing anything at this time, but my equity allocation is quite low (for me) right now. I will be keeping an eye on this, though.
  • davidrmorandavidrmoran
    bah, come on --- professional perennial econ crapologist SMoore is on the case:

    https://paulkrugman.substack.com/p/the-political-economy-of-incompetence
  • CrashCrash
    davidrmoran said:

    bah, come on --- professional perennial econ crapologist SMoore is on the case:
    https://paulkrugman.substack.com/p/the-political-economy-of-incompetence

    Tangential: FEIST (in the now customary ending-video which serves as punctuation) is Canadian.
    https://www.nytimes.com/2025/08/10/opinion/canada-america-allies.html?smid=nytcore-ios-share&referringSource=articleShare
  • DrVenture
    LOL - Yes, I have been aware of Moore's incompetence for a while. He is the Joseph Hazelwood of this economic ship.
  • MarkMark
    Is this what bringing manufacturing back to the US looks like in that alternate world 47 lives in? Had me fooled because I thought he was dreaming.
  • DrVenture
    edited 7:39PM
    There is a possibility that some manufacturing returns, out of desperation to stay solvent. They will crank up automation to 11. What Trump's Econ minions are overlooking is that they are providing vast incentive for corporations to spend on cutting jobs. This may really hurt small companies that do not have the funds to automate on a large scale.
  • Sven
    Doesn’t look encouraging for the broader market going forward. Can you blame them for the uncertainties resulting from the tariffs in their planning. Read elsewhere the smaller companies are having even harder time with their oversea suppliers. This week we will get more data on CPI, one if the inflation indicators.

    Thought he fixed that from Day One of the job? Same thing with the Ukraine war. Over 100 days on the job, everything are much worse !
  • Sven
    Doesn’t look encouraging for the broader market going forward. Can you blame them for the uncertainties resulting from the tariffs in their planning. Read elsewhere the smaller companies are having even harder time with their oversea suppliers. This week we will get more data on CPI, one if the inflation indicators.

    Thought he fixed that from Day One of the job? Same thing with the Ukraine war. Over 100 days on the job, everything are much worse !
  • DrVenture
    Interesting that I added that last sentence to my post above, before noticing your comments on "smaller companies".
  • AndyJ
    DrVenture said:

    LOL - Yes, I have been aware of Moore's incompetence for a while. He is the Joseph Hazelwood of this economic ship.

    Ha! How far is Bligh Reef from where we are now?
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