Yet another Hey Bartender! jobs report.
Liquidity moves markets!Follow the money. Find the profits!
The August jobs report likely sealed the fate of a Fed rate hike … until after the Presidential election in November.
Only 151K jobs were added in August, a real comedown after a revised 275K report in July.
Average hourly earnings YoY fell from a revised 2.7% rate in July to 2.4% in August. Average hourly earnings YoY still remain LOWER than anytime during The Great Recession. Well done, Washington DC!
Certainly, someone on CNBC or Fox Business will utter that the USA is near full employment, With a U-6 underemployment rate at 9.7% and the number of people NOT in the labor force at 94.4 MILLION?
Food services and drinking places were the employment addition leaders at +34k.
The bar from “There’s Something About Mary” looks suspiciously like Brions’s Grille on George Mason University campus in Fairfax, Virginia.
At least Brion’s Grille doesn’t serve Fried Chicken Bloody Marys.
Wall Street Examiner Disclosure:Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. I may receive promotional consideration on a contingent basis, when paid subscriptions result. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. No endorsement of third party content is either expressed or implied by posting the content. Do your own due diligence when considering the offerings of information providers.