[Malum Prohibitum]

Payrolls increased 528,000 in July, much better than expected in a sign of strength for jobs market

Nonfarm payrolls were expected to increase 258,000 in July, according to Dow Jones estimates.

www.cnbc.com

Massive jobs surprise: US economy added 528,000 jobs in July

www.cnn.com

Economy adds 528,000 jobs in July as hiring surges despite high inflation. US recovers all jobs lost in COVID.

The economy added 528,000 jobs in July despite a slowing economy and high inflation, Unemployment fell from 3.6% to 3.5%.

www.usatoday.com

Surprisingly high, with high wage growth, so the interest rate hikes have not had their intended effect yet.

 

[NTA]

I'm in all cash, money market fund. My monthly interest in Feb was under $20. $1,653 in June before the most recent hike.
Bank is still paying me a tiny fraction of a percent. Time to buy some bank stock ?

 

[NTA]

Charles Payne Points out Problem in Jobs Report, Peter Doocy Drives It Home to WH

The Biden team wants to sell this as good, but here are some of the issues...

redstate.com

 

[Malum Prohibitum]

Charles Payne Points out Problem in Jobs Report, Peter Doocy Drives It Home to WH

The Biden team wants to sell this as good, but here are some of the issues...

redstate.com

Charles Payne is correct, but that is no secret. It is an openly available number. The article, however, draws a number of unwarranted conclusions from Charles Payne's statement.

President Biden's tweet is false. The comments under it are pretty funny, though. Lots of persons heaping fake prison him. Pretty funny stuff. Example: "Greatest president ever. Keep on fighting inflation and lower gas prices."