so let me get this straightthere are now more jobless peoplewhere do all jobless and unemployable people go?CTand you're bearish? grow upThe Kobeissi Letter (@KobeissiLetter):This is insane:We must received some MASSIVE downward jobs revisions.May’s jobs report was revised down by 125,000, from +144,000 to +19,000.June’s jobs report was revised down by 133,000, from +147,000 to +14,000.That’s 258,000 jobs that just vanished from the data in 2 ...

Unemployment Rose To 4.2% In July As Hiring Fell Sharplyhttps://t.co/2yLn9FHy0l https://t.co/RCCkpZFNb2 ...

Monetary Policy Stance - The Federal Open Market Committee decided to leave the policy interest rate unchanged, believing the current stance is well-positioned to respond to potential economic developments [2] - The committee decided to maintain the target range for the federal funds rate at 4 and 1/4 to 4 and 1/2% and to continue reducing the size of the balance sheet [8] - The current policy stance is seen as appropriate to guard against inflation risks [10] Economic Activity - Recent indicators suggest that growth of economic activity has moderated [3] - GDP rose at a 12% pace in the first half of this year, down from 25% last year [3] - Payroll job gains averaged 150000 per month over the past 3 months, with the unemployment rate at 41% remaining low [4] - Business investment in equipment and intangibles picked up from last year's pace, while activity in the housing sector remains weak [4] Inflation - Inflation has eased significantly from its highs in mid-2022, but remains somewhat elevated relative to the 2% longer-run goal [5] - Total PCE prices rose 25% over the 12 months ending in June, and core PCE prices rose 27% [6] - Near-term measures of inflation expectations have moved up on balance over the course of this year on news about tariffs [7] - Higher tariffs have begun to show through more clearly to prices of some goods, but their overall effects on economic activity and inflation remain to be seen [9] Labor Market - Conditions in the labor market are broadly in balance and consistent with maximum employment [5] - Wage growth has continued to moderate while still outpacing inflation [5]

Monetary Policy - The Federal Reserve maintained the interest rate range at 425 to 450 basis points [1] - Two governors dissented, favoring a 25 basis point rate cut [1] - Nine votes supported holding rates steady [2] Economic Outlook - Economic growth moderated in the first half of the year [3] - Uncertainty about the economic outlook remains elevated [3][4] - Inflation remains somewhat elevated [4] - The labor market is solid with low unemployment [4] Forward Guidance - The statement does not hint at an imminent rate cut in September [5] - The committee is attentive to risks on both sides of the mandate [4] - Swings in exports continue to affect the data [2]

Monetary Policy Stance - The Federal Reserve decided to leave interest rates unchanged, maintaining the range of 425% to 450% [1] - Two governors dissented, favoring a 025% rate cut [1] - It marks the first time since 1993 that two governors have dissented [2] - Nine votes supported keeping rates on hold [2] Economic Assessment - Export fluctuations continue to impact the data [3] - Growth moderated in the first half of the year [3] - Uncertainty about the economic outlook remains elevated [3][4] - The Fed removed "diminished" from the statement, indicating continued high uncertainty [4] - Inflation remains somewhat elevated [4] - Unemployment is low, and the labor market is solid [4] Forward Guidance - The committee has attended to the risks on both sides of the mandate [5] - The statement does not hint at an imminent rate cut in September [5]

Career Strategy - The article discusses a critical decision point for unemployed individuals: whether to simultaneously pursue launching a business and seeking full-time employment, or to focus solely on one option [1] - It presents the dilemma of hedging bets versus committing fully to a single path during unemployment [1]

Career Strategy - The report discusses a critical decision point for unemployed individuals: whether to simultaneously pursue launching a business and seeking full-time employment, or to focus solely on one option [1] - The analysis centers on the strategic choice between hedging bets with multiple options versus concentrating efforts on a single path [1]

Did you know that it doesn't matter whether a young man went to college or not in terms of getting a job. Kind of crazy, right. Let me explain.My friend Boring Biz points out that male college grads are now just as likely to be unemployed as people who never went to college. Now, that's for men. The same's not true for women.Women are much more likely to land a job once they graduate from college, which makes sense. But this brings us back to the eye-opening data around men. We're leaving these young men be ...

Career Strategy - The article discusses a critical decision point for unemployed individuals: whether to simultaneously pursue launching a business and seeking full-time employment, or to concentrate efforts on a single path [1] - It presents two options: hedging bets by exploring both avenues or focusing entirely on one option [1]

Monetary Policy & Economic Goals - The Fed is mandated to pursue price stability and maximum employment [1] - Fed officials should make fact-based judgments [1] - The Fed aims to stay out of politics and avoid short-term political pressures [2] - The Fed strives to behave in a nonpartisan way [2] Inflation & Labor Market - US inflation is coming down and approaching the Fed's 2% goal [3] - The US unemployment rate is at 4.1% [3] - The post-pandemic surge in price pressures was experienced by the US and other developed countries [3] Fed's Independence & Track Record - The Fed has generally maintained independence over decades [2] - The Fed's track record has been successful [2]