The hotly anticipated US jobs report has the potential to tip the scales toward a third jumbo-sized hike in interest rates later this month after a wave of data that point to a resilient consumer and high labor demand. Payrolls are expected to rise by 298,000: hourly wages are forecast to rise by 5.3%. Mike McKee has more on what to expect on “Bloomberg The Open.”
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Interesting
Gonna be at least 400k
If job numbers is too high, may be we can fire a few at the FED.
McDonald's is looking for a few good burger flippers.
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No way you build a giant wall preventing 20 million people from getting to work and you get 20 million job openings… amazing
Low unemployment has nothing to do with the economy atm
Time to face the music. 2.5% interest rate is well below neutral.
Current inflation is due to supply shortage, ukraine war & china lockdown. Should figure out how to increase the supply from external and internal. To increase internal supply, of course you need to hire more people to work, strong labor market is actually a good sign to curb inflation. Don't understand why Fed want to reduce the job growth ??? No point of Fed kept increasing the interest rate, because it doesn't help much on increasing the supply and bring down inflation, but it will add more issue to the current existing issue.
FED and Powell have this all wrong. They are looking at employments to gauge rates is absolutely ridiculous. Powell keeps mentioning high job numbers thus inflation. The jobs number is high because people are picking up 2nd/3rd low paying jobs to meet the needs of high inflation thus high numbers. All the jobs created are low paying jobs. These pundits says high employment soe economy can handle more rates. Idiots over pumped the economy during covid by going 4x money printing vs 2008 to 2020 and now looking at the wrong metric to determine the rates. Unreal
why does it say we've added jobs ?
numbers came in 3.7% compared to expected 3.5%.
On this video it shows 4.7% means 2 million jobs lost. But some how 3.7% that just reported means we've added 315,000 jobs?
How does one rising number suggest that jobs will be lost but another rising number suggest we've added jobs