The US job market just showed a notable shift: multiple jobholders dropped by 444K, marking the second-steepest decline since the pandemic hit. We're now sitting at 8.848 million people juggling multiple gigs. What does this signal? When folks pare back side hustles, it usually points to either tightening household finances or shifting confidence in secondary income streams. For those tracking macro trends and economic cycles, this is the kind of data that ripples through asset allocation decisions—worth keeping an eye on as we head into the next quarter.