The Bloomberg US Labor Market Surprise Index dropped to -0.7 points, its lowest in 13 years.
This gauge measures reported job market data compared to consensus estimates.
Over the last few months, the index has seen one of the sharpest drops in 18 years and sits at its second-lowest level since the 2008 Financial Crisis.
This means most of the labor market data has surprised downward by a wide margin.
Recent misses include non-farm payroll numbers, job openings, ADP employment, and ISM Services Employment.
What is happening with the job market?
