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- Weekend update Citi's $81 trillion giveaway, Job Market “You’re Hired” to “Who?”
Weekend update Citi's $81 trillion giveaway, Job Market “You’re Hired” to “Who?”
📰 In this issue
🔹 Employment Stalls: Unemployment claims have spiked, signaling a sudden cooling in the labor market.
🔹 Government Shake-Up: DOGE —posing questions about long-term impact.
🔹 Policy Retreats: Possible ripple effects on local economies and workers.
🔹 Clean Energy Backslide: Is green tech is in jeopardy?
🔹 Global Maneuvers: Zelensky’s misadventure in the oval office.
🔹 Opportunities Amid Turbulence: AI, data analysis, and cybersecurity remain bright spots for adaptable knowledge workers.
🗃 Insider
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Job Market Whiplash 📈📉 & White House Ambush
After four record-breaking years of job growth—seventeen million jobs created at a historic pace—our robust employment party has come to an abrupt end. 🎉➡️💀 It took just one month to kill the vibe. Unemployment claims jumped by 22,000 last week, reaching 242,000—the highest since December. 📊😬 Meanwhile, here in the US, the new administration's "Department of Government Efficiency" (DOGE) is living up to its meme-worthy acronym by efficiently eliminating government jobs. 🐕🔪
Economists assure us this mass culling won't catastrophically impact overall numbers. After all, 200,000 federal jobs lost is "only a month of job growth." How comforting.
Remember when employers were "talking loudly and hiring energetically"? That deafening silence you hear now is the sound of confidence evaporating.
International relations? Tanking. Infrastructure bill? Vanishing. CHIPS Act? Melting. Climate initiatives? Evaporating faster than a puddle in the desert.
While the direct economic impact may be "just a tenth" of a percentage point according Gregory Daco at EY, they're conveniently ignoring the ripple effects on contractors, local economies, and those pesky humans who need incomes to buy things.
Welcome to the new normal, knowledge workers: where eggs are sold individually, government departments are gutted by billionaires, and your resume better be mobile-friendly—you may just need it.
Yet despite the doom and gloom, opportunities still lurk in the shadows. 🔦✨ Those who pivot to AI integration, data analysis or cybersecurity, won't be standing in food lines—they'll be fielding multiple offers. 🤖📊🔒♻️ Not so sure about
The US administration has wasted no time dismantling key clean energy policies, seemingly determined to roll back any progress in the sector. It has abandoned the Paris Climate Agreement 🌍🔥,halted funding from the Inflation Reduction Act, put a stop to offshore and onshore wind project leasing 🌬️🚫, to name a few.
Drill baby drill is the mantra 🛢️🔥, but experts warn they could severely undermine U.S. competitiveness in booming global markets like battery storage 🔋💡 and electric vehicles. 🚗⚡ The clean energy sector, which had been responsible for over 400,000 jobs, now faces uncertainty as the administration prioritizes fossil fuels over innovation, leaving the country at risk of falling behind in the rapidly expanding green technology race.

Citigroup accidentally credited a client’s account with $81 trillion when it meant to send only $280.
💰 Teller: “Good afternoon, may I help you?”
😎 Customer: “Yes, I’d like to withdraw $40 trillion from my checking account. Small bills, please.”
Lastly, it looks like Zelensky's job interview with Trump for "Mineral Manager of Ukraine" didn’t go so well. 🤷♂️ Maybe he should’ve brought some rare earth samples as a gift—I mean, nothing says “let’s cut a deal” like a pocket full of ilmenite.
At least he can update his LinkedIn profile: Experienced in high-stakes mineral negotiations and shouting matches with world leaders.
Who knows, he might even get headhunted by Putin for some offshore opportunities in Crimea. ⛏️🚢😏.
On a serious note - Zelensky left the White House after a heated clash with President Trump, causing the collapse of peace talks and the “minerals deal”. At the end of the day it was a diplomatic failure that underscored Trump's inability to broker a deal.
Economic cycles come and go, but the premium on adaptability remains eternal. Your skillset (soft skills included) is your lifeboat—make sure it's hurricane-proof. 🛥️🌊💪 In the meantime, enjoy your Saturday and Sunday.
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