🎯 US private jobs take a dive

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Here are today’s top 5 charts today to sharpen your thinking👇️

1) US private sector jobs take a dive: “Private sector hiring slowed significantly in February and fell short of Wall Street's expectations, adding to concerns that the US economy is losing steam. Private sector added 75,000 jobs in February, far fewer than economists' estimates of 140,000 — and significantly lower than the 186,000 jobs added in January”

If you add the “federal job cuts” happening in US, along with Trump’s tariffs, things are not looking good for the US economy in the short term.

2) Inflation in OECD countries: Jan 25 avg. CPI inflation came out 4.7% avg., same as Nov and Dec 2024 (for comparison, US CPI in Jan-25 3%)

3) AI Chatbots see record activity: AI chatbots saw 427m app downloads in Q4-24, +119% YoY. While ChatGPT remains the king (~25% share of all AI chatbot downloads in 2024), Meta AI now wants to enter the race by planning to spin up its own standalone AI chatbot app - Zuck knows a thing or two about launching successful consumer applications).

The race for AI chatbot dominance is heating up. Competition is usually great for consumers.

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4) Payments & Banking Apps are struggling in US: Latest data from Sensor Tower shows that app downloads for wallets, p2p payments and consumer banking apps are struggling with downloads dropping QoQ in US. Crypto apps shows a surge in downloads, coinciding with the increase in cryptocurrency prices seen in Q4.

CashApp remains the #1 Fintech app (by downloads)

5) A nation of immigrants: Foreign born people in US are projected to rise to over 60 million by 2040, reaching all time high of 16.1% of population share (previous high was 14.8% in 1890.