For more information on 21shares and to sign up for their newsletter, visit https://bit.ly/3JTI4GQ

There was one key stat from this week which helps explain the increasingly desperate state of the US labor market, offering background behind the "unexpectedly" weak payroll numbers from Friday. August's estimate was its lowest since...May 2009. Given the connection to employment, it all fits together with so many other signals including record low copper-to-gold. Yep, record low. 

Eurodollar University's weekly conversation w/Steve Van Metre

-------------------------------------------------------------------------------------
For more information on 21shares and to sign up for their newsletter, visit https://bit.ly/3JTI4GQ

-------------------------------------------------------------------------------------

ISM Services August 2025
https://www.ismworld.org/supply-management-news-and-reports/reports/ism-pmi-reports/services/august/

https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU

Disclaimer
This video is sponsored by 21Shares. The information provided in this video is for educational and informational purposes only and should not be considered financial or investment advice. Investing involves risk, including the possible loss of principal. Products mentioned may not be available in all jurisdictions, and their suitability will depend on your individual circumstances. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.