The economy is breaking. And no one’s ready.
806,000+ layoffs in 2025 so far.
48% of consumer credit applications denied over the past year.
Refinance rejection rate: 41.8%… the highest in 12+ years.
U3 Unemployment forecast: 4.5–5.0% by year-end, according to Apollo,…
— Amanda Goodall (@thejobchick) August 27, 2025
The economy is doing very poorly but it takes a while for it to be obvious.
And things are going to get so much worse.