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Happy #JobsDay. Hope you’re staying healthy. #HappyHanukkah.

At 8:30 am ET @BLS_gov delivers the most-important signals abt how economy is changing.

Forecasts’ center:

+573K jobs
4.5% unemployment rate, down 0.1 percentage point (pp)
Americans have gained more income & enjoy higher levels of wealth than ever before.

We want to buy. Consumer and labor demand is high.
Biggest question in the economy: how quickly can we raise supply? Bring more labor & capital to production & boost productivity.

Success means more consumption & lower prices. COVID health risks at home & abroad remain the big obstacle, making work riskier.
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