254,000 Jobs Added in September

so will they stick to the 25 bp cut? need more data. the impetus seemed to be there for 50 bp but that is stronger than expected jobs number

 

One of those jobs created was from me. You're all welcome

 

Thoughts and Prayers

 

we hired three last month, two young professionals that moved down from Nashville to Naples

 

Markets seem to like

 

Pre-empt the bots with their anti-immigrant rants:

Based on the data from the STL FED the number of native-born total employed went up while the number for non-native went down. Whoops.

Employment Level - Foreign Born

 

I swear, why post this stuff?! We all know good news is just the result of market forces beyond the control of the Biden Administration.

 

We added a route, employee and accompanying equipment in September. Thanks Joe!

 

Okeechobee Gator where art thou?

 

$750 trending on Twitter. America Last.
x.com

 

That you Shane Matthews?

 

Diamond Joe strikes again.

 

I always wait a month for the inevitable downward division.

 

Bad news crew? LOL!

Factual crew here:

Employment Situation News Release - 2024 Q03 Results (bls.gov)

Unemployment Rate:

4.3% July
4.2% August
4.1% September
3.8% September 2023

Clearly, the trend is down, not up.

September Employment 254,000
12-Month Average 203,000
July Revised Up from 55,000 to 89,000
August Revised Up from 142,000 to 159,000

This is all good news coming from a factual crew member.

The CPI will drop next week.

The problem isn't with economic performance. The problem is with the Fed's being rope-a-doped by the Harris/Biden administration again. The Fed changed rate policy before having completely beaten inflation down to 2.0% and less. They have two more rate reductions planned for November and December.

If it looks like a Trump win on November 5, you can kiss those rate cuts goodbye. The Fed's .50% reduction was purely political and, in all likelihood, will lead to higher inflation combined with further rate cuts, even .25% cuts.

The rate of growth of inflation has come down, but the American people are still saddled with far higher prices than when Harris/Biden entered office. It is one of the biggest reasons Kamrade Kamala is going to lose this election.

 

3 big news items today…….

 

Does doing all these rationalizations and contortions fill some sort of need for you?