US government job openings are plummeting: Government job openings declined -89,000 in November, to 695,000, the lowest since February 2021. Since the July 2022 peak, available vacancies in the government have dropped -532,000. They have now fully retraced to early-2019 levels. Furthermore, the hiring rate fell -0.3 percentage points in November, to 1.2%, the lowest since the 2020 pandemic. Excluding 2020, this is the lowest reading since August 2014, and in-line with 2008 levels. Hiring in the government is coming to a halt.
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BREAKING: President Trump says the US is “ready to help” as Iran is “looking at freedom.”
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This is concerning: US job numbers have been revised down in all 11 months in 2025 by a total of -624,000 jobs. In other words, each job's report last year was revised down by an average of -56,728 jobs. On Friday, November's jobs report was revised down -8,000 to +56,000. At the same time, October's jobs report was revised down by -68,000, to -173,000, to the weakest monthly reading since December 2020. If this average pace continues, the December jobs report would be revised down to ~-6,700 from the initially reported +50,000. What is happening here?
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