Logan Mohtashami Profile picture
Dec 2 β€’ 8 tweets β€’ 2 min read
263,000 jobs πŸ’ͺπŸΎπŸ‡ΊπŸ‡Έ
3.7% unemployment rate
And if you're pissed off because of this.... &*&^ off πŸ˜‰πŸ»
10-year yield 3.61%
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#Jobs breakdown Image
Below is a breakdown of the unemployment rate and educational attainment for those 25 years and older.

Less than a high school diploma: 4.4%%. (previous 6.3%%)
High school graduate and no college: 3.9%
Some college or associate degree: 3.2%
Bachelor’s degree and higher: 2.0% Image
The unemployment rate for Men and Women ages 20 and up
Women 3.3%
Men 3.4% Image
Things will look different 12 months from now, of course. However, remembering people getting their jobs back, working, and getting better wage growth is good.
πŸ˜‰You know it's a great jobs recovery when no one whispers JG plan πŸ’ͺ🏾πŸ’ͺ🏾πŸ’ͺ🏾

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More from @LoganMohtashami

Dec 3
Lets be honest here everyone
The only reason people don't believe that active listings aren't low is that they want to blame the Fed; this is why this group never believes in low inventory.
I explain it this way to people, so there is a valid reason we have never had low inventory ever πŸ˜‡
Read 4 tweets
Dec 3
Retirement coming
Another #JOLTS possibility at the end of the year
Read 4 tweets
Dec 3
πŸ₯ΉπŸ₯² targeting millions of people to lose their jobs to fight inflation isn’t going to work when the data is already showing things slowing down
If you truly believe we can't increase the supply of the goods or services that still show hot inflation data, then you do what needs to be done because it sure isn't the dollar collapsing that created all this πŸ€”
We still have over a trillion dollars of excess savings, but that will wind down in time. However, supply increasing will help with inflationary data, especially with shelter inflation; that story is already done from the peak growth rate on current data lines, not lagging ones Image
Read 10 tweets
Dec 1
Purchase apps are up 4 weeks in a row, something that has not happened since rates started to rise.
Does anyone remember what happened in 2014?
Both periods have some similar data lines and some that are not.
Let me tell you a Christmas tale πŸ˜‡πŸŽ„
2014, purchase apps were down 20% YoY on trend, adjusting population, it was the lowest level ever. We got back to those levels this year. We have bounced off the lows with the data over the last few weeks. Remember, extreme low bar we are working with. Image
2014 was the last year we had inventory growth; back then, we got roughly 2,300,000 active listings and are currently at 1,220,000. So this is much different now than then Image
Read 9 tweets
Dec 1
One of the biggest reasons people missed the most prolonged economic and job expansion in history, and the Covid19 recovery has been the inability to read consumer credit debt channels for over 12 years πŸ˜‡
Note:
Anti-Central Bank People
MMT people
Steve Keen followers, <- Steve Keen followers being the worst of the group πŸ˜‡
Read 4 tweets

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