Michael Batnick

I never really bought into it.

It's really hard to talk about like AI taking away all the employment with

You know, the unemployment rate at 4.3%, I mean, on a prime age employment is still fairly good.

I mean, so I don't really buy into that.

I mean, I will say that you don't want to get too much into the indicator macro.

Like, I don't really believe that professional and business services openings went up by 700,000 in a month.

It's fake postings?

I mean, the data are real.

The news is fake.

I mean, you know, to borrow from Trump.

Yeah.

I mean, it's like anything else.

You could find a different indicator, like the Indeed job postings numbers are weaker on net over the last few weeks.

I don't think the signal from that report really comes from openings, frankly.

I mean, it's like openings are like the fakest thing.

It's hires and quits that matter a lot more.

I mean, you do see specific areas in the job market that are booming right now because of AI.

But I would just say that layoffs are usually the last thing to go.

I mean...

By the time layoffs are showing you something in terms of a signal, like, it's over, buddy.