Posteo

Let's talk about the non-farm payroll data. I was stunned after reading it and couldn't say a word for a while. -23,000, the expectation was +80,000, a difference of 100,000. The data for May and June was also revised down by a total of 103,000. The previous two months were revised down by 100,000, and this month it directly turned negative. Honestly, the cooling speed of the job market is quite fierce. (The power of capital is still too strong) But what's even more contradictory is the unemployment rate, which dropped from 4.2% to 4.1%. Employment is contracting, but the unemployment rate is falling. These two data points together indicate mixed signals. Wage growth also slowed, with a month-on-month increase of only 0.1%. #PayrollsDropCPIFocus #AIMemoryStressTest #SpaceXUnlockRebound