dChan
Anonymous ID: 26bc9e Nov. 3, 2023, 7:58 a.m. No.19854123   🗄️.is 🔗kun

>>19854092

Kek

How dafuq?…never mind

Cracked back one on bottom so just taking out. Like last time

Dunno why as take care of em floss etc

Went to do dhat and nuffin dhere-too much ‘space’

Habbened some time yesterday I assume

Anonymous ID: 26bc9e Nov. 3, 2023, 8:09 a.m. No.19854176   🗄️.is 🔗kun   >>4200 >>4248 >>4286 >>4520 >>4521 >>4678 >>4766

Jobs Come Crashing Down: October Payrolls Miss Estimates, Rise Only 150K As Employed Workers Plummet By 348K

 

(No doubt you’ve seen this so brief…this just confirms that the Fed relies on junk economics-Phillips curve-and the markets ‘celebrate’ it as they have all year when they had zero idea-nailed this earlier this year and so did Charles Payne…now the punters pile on with what you’ve heard in here since late last year)

 

With the October jobs report already expected to be a big drop from September's 336K, as consensus expected a 180K print (below the whisper number of 211K), moments ago the BLS confirmed that last month's surge was nothing but a Bidenomics mirage and as we warned in our preview, the October print indeed came "crashing down to earth", sliding to 150K, a drop of more than 50% from the original Sept print, and the second lowest since 2022! As usual, historical data was revised massively lower, with the jobs change for August revised down by 62,000, from +227,000 to +165,000, and the change for September was revised down by 39,000, from +336,000 to +297,000. With these revisions, employment in August and September combined is 101,000 lower than previously reported. In total, 8 of the past 8 months have been revised sharply lower in what only idiots can not see is clearly mandated political propaganda designed to make the economy look stronger at first glance then quietly revise the growth away. Of course, the downward revisions are nowhere near done: as Pantheon Macro writes, "the jobs number likely will be revised down, continuing the pattern of downward revisions" as "the unemployment rate is on course to breach the 4.0% mark soon" tripping the recession redline.

The scariest number however did not come from the Establishment survey at all, but rather from the Household survey, where the number of employed workers plunged by 348K, the biggest drop since the covid lockdowns,This means that the US is already in recession.

 

To get a sense of just how manipulate the Establishment survey is, look no further than the divergence with the Household survey. It is safe to say that never in US history have payroll numbers been manipulated more. And as employed workers plunged by 348K, the number of unemployed workers surged by 146K: an indication of which was the true labor market is headed. It wasn't just payrolls that disappointed: so did the unemployment rate, which rose to 3.9% from 3.8%, vs expectations of an unchanged print. Since recent lows in April, this measure is up by 0.5% points, effectively cementing the next recession per Sahm's rule. Broken down by race, white unemployment was the highest since Nov 2021, black unemployment was the highest since Jul 2023, and Hispanic unemployment was the highest since Aug 2023. So much for white supremacy and privilege.

https://www.zerohedge.com/markets/jobs-come-crashing-down-october-payrolls-only-150k-missing-estimates-and-follow-more

Anonymous ID: 26bc9e Nov. 3, 2023, 9:18 a.m. No.19854520   🗄️.is 🔗kun   >>4533

>>19854176

US dollar drops to six-week low after softer-than-expected jobs data

 

The dollar fell to a six-week low on Friday, after data showed the world's largest economy created fewer jobs than expected last month, reinforcing expectations the Federal Reserve is likely to hold interest rates steady again at its December meeting.

The dollar index, a gauge of the greenback against six major currencies,(just remember you are comparing shit with 6 other piles of shit) dropped 0.8% to 105.29, after earlier sinking to 105.23 , its lowest since September 20. The index was on track for its largest one-day fall since July. The euro was last up 0.8% at $1.0709, and thanks to gains earlier in the week was headed for a weekly gain of 1.4%, the largest since July. Against the yen, the dollar slid 0.6% to 149.53 yen , capping a whirlwind week, in which the Japanese currency touched a one-year low against the dollar and 15-year trough against the euro.

The drop in the yen came after the Bank of Japan tweaked its yield curve control policy on Tuesday, but not by as much as markets had expected.

Kazuo Ueda, the central bank's governor, will continue to dismantle its ultra-loose monetary policy and look to exit the decade-long accommodative regime next year, Reuters reported on Thursday, according to six sources familiar with the central bank's thinking. Sterling rose 1.1% versus the dollar to $1.2327, after earlier hitting a six-week high of $1.2350. It is set for a weekly gain of 1.1%, also its most since July.

 

https://www.reuters.com/markets/currencies/dollar-eases-traders-bet-fed-done-with-rate-hikes-2023-11-03/

 

https://tradingeconomics.com/currencies