Joe Weisenthal Profile picture
One half of Bloomberg's Odd Lots Podcast. One quarter of Light Sweet Crude.

Aug 6, 2021, 9 tweets

BREAKING:

STRONG:

943K new jobs.

Unemployment rate falls to 5.4% (vs. 5.7% expected)

Year over year wage growth comes in at 4%.

bloomberg.com/news/articles/…

Stocks rising pre-market. 10-year also moving higher.

bloomberg.com/news/articles/…

NASDAQ-100 futures sliding

This type of data is important to keep in mind when inflation data is being debated. Yes, we've definitely seen prices rise at a faster pace than expected. But job creation and wages are still robust, bolstering household incomes. bloomberg.com/news/articles/…

Still a long way to go.

Gold just got rugged

Incredible chart from @boes_. Leisure and hospitality workers seeing 6.6% annualized wage growth (on a 24-month basis)

@boes_ Again, something to think about when people talk about inflation without context.

@boes_ Motion picture industry 🚀🚀🚀bloomberg.com/graphics/jobs-…

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