News about economy

A big 272K jobs added but the unemployment rate rises to 4.0% and labor force participation falls. This is an economy that continues to be strong (249K average jobs over the last three months). But also one where the labor market has been steadily cooling as urate steadily rises. pic.twitter.com/idUZFjnlZx

This, from @TheEconomist, is a reminder of the importance of labor income — a function of jobs and hourly earnings — for continued US economic growth...and especially so for lower-income households. #economy #econtwitter pic.twitter.com/80dVNXl3Iz

Here's the part of the May jobs report that shows a slowing economy. 4% unemployment rate -250,000 in the labor force -408,000 people employed Labor Force Participation Rate falls to 62.5% This is a different story than the strong job gains. Fed (and everyone else) will need… pic.twitter.com/gUF9YhGevj

My friends A. Evans-Pritchard & J. Warner of @Telegraph: "The American economy is not as strong as we all thought... It looks like a hardish landing after all." I agree. The US money supply has contracted since Mar-22 = a recession is BAKED IN THE CAKE. www.telegraph.co.uk/business/2024/06/05/great-american-boom-running-out-steam-mountains-debt/