What Happened Last Week and What It Means to You: October 9, 2020
Stimulus, to be or not to be… Vaccine/Treatments/Therapies… Jobs… Speaking of poorly run states… Inflation…
The U.S. Created 156,000 Jobs in September, the Unemployment Rate Ticked up to 5.0%… Labor force participation increased slightly, pushing up the number of unemployed. What it means – Two things. First, more Americans came off the sideline and started looking for work. Second, not very exciting. The numbers weren’t high enough to require a […]
ICANN or Cant I… Will the US turn over the internet? Will free speech and free markets suffer? What it means – Some of the greatest companies today owe their success to a free internet. Google, Amazon, Yahoo, Microsoft, Apple, Snapchat, Facebook, Twitter and many more are just a few examples. On October 1st, President […]
The U.S. Added 287,000 Jobs in June, the Highest Total Since October 2015… The dismal reading of 38,000 jobs last month was actually revised lower to 11,000, while the April total was adjusted a bit higher. The three-month average is 147,000. What it means – As noted last month, part of the ugly numbers for May was the Verizon […]
The U.S. Economy Created 142,000 Jobs in September, Far Below the Expectation of 200,000… The reports for August and July were revised lower, by 37,000 and 22,000 respectively. What it means – Less. That’s the theme of the entire report. Fewer jobs were created than expected, hours worked declined, labor force participation dropped, and even earnings […]