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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