🚀 Job Market Update

Your best work starts when the busywork ends

HoneyBook offers tools designed to centralize and simplify your business management. From invoicing to contracts to payments, everything you need is in one place. Use automation and AI to boost efficiency and provide exceptional client service. Discover how HoneyBook can elevate your business and get your time back.

Get started for 30% off with code LEVELUP30

Market Overview
Read time 1.4 minutes

Year To Date Performances:

1. The labour market showed further signs of slowing in August, as ADP reported private sector payrolls grew by just 99,000, the weakest pace since January 2021 and far below expectations. Job growth has decelerated significantly, with key sectors like professional and business services, manufacturing, technology, and information services shedding jobs. Overall, the economy’s estimated loss of 75,891 jobs in August was a 193% increase from July, the highest number of lost jobs in a month since the 2009 global financial crisis. Despite rising layoffs, some areas like education, health services, and construction saw gains. Meanwhile, wage growth continued to ease. The data adds pressure on the Federal Reserve, which is expected to cut interest rates at its September meeting.

2. Ford Motor's U.S. sales surged by 13.4% in August, driven by strong demand for its F-Series trucks and hybrid models. The automaker sold nearly 183,000 vehicles, with hybrids seeing a 50% jump and all-electric vehicle sales increasing by 29%, including notable growth in the F-150 Lightning. Despite the rise in electrified vehicle sales, traditional internal combustion engine vehicles still accounted for 86% of Ford’s sales. The company outpaced industry expectations of a 6% growth, while Barclays revised its 2024 sales forecast downward, citing economic pressures despite potential interest rate cuts.

3. Raise Venture Capital in 2024. Get the course helping top founders raise venture capital. The materials in this course are used by founders pitching a16z, Sequoia, YC and more while raising tens of millions! Get the course now for just $199. *

4. Headlines

   1. Mark Cuban claims that despite President Biden's 2025 budget plans, which include a 25% minimum income tax on Americans with wealth over $100M, and Kamala Harris’ public campaigning on a “billionaire minimum tax,” he has been assured by Harris’ team that there will not be a tax on unrealized gains.

   2. Family offices are expected to surpass hedge funds in assets under management with over $5.4 trillion AUM by 2030.

   _{* This is sponsored content.}

Get value stock insights free.

PayPal, Disney, and Nike recently dropped 50-80%.

• Are they undervalued?

• Can they recover?

• Read Value Investor Daily to find out.

We read hundreds of value stock ideas daily and send you the best.

Subscribe with one click.

Are you looking to grow your business? Here is how I can help:

📢Promote your startup to 2,000+ VCs including investors from a16z, YC, Techstars, Rarebreed, Sequoia and more.

📱Book a Strategy Call to get 1:1 feedback on your pitch, pitch deck and/or fundraising strategy. (If you need general startup advice, then reply to this email, and I’ll let you know if/how I can help.)

📺 Access FundraiseOS, the ultimate fundraising course with video lessons and practical worksheets helping with everything from deciding how much to raise to understanding a term sheet.

💸Promote your product or service to 100,000+ entrepreneurs.

🌐 Connect with me on LinkedIn or X (formerly Twitter) to get access to new content about startups, fundraising, venture capital, and more every day.

Onwards and Upwards,

Liam Gill

Hire an AI BDR and Save on Headcount

Outbound requires hours of manual work.

Hire Ava who automates your entire outbound demand generation process, including:

• Intent-Driven Lead Discovery

• High Quality Emails with Waterfall Personalization

• Follow-Up Management

Let your reps focus on closing deals instead of writing emails.

Hire Ava to slash costs & boost productivity.