The Jobs Report is out – and as we’ve been telling you, it doesn’t look half bad.
“Total nonfarm payroll employment rose by 235,000 in August, and the unemployment rate declined by 0.2 percentage point to 5.2 percent, the U.S. Bureau of Labor Statistics reported today.
So far this year, monthly job growth has averaged 586,000. In August,
notable job gains occurred in professional and business services, transportation and warehousing, private education, manufacturing, and other services. Employment in retail trade declined over the month.”
Of the 235,000 new jobs, 142,000 were estimated into existence with the CES Birth Death Model over here. More than half, then.
Number of Americans working popped up to 153,154,000. While the database hasn’t been updated yet, the table we revealed earlier shows…
With this morning’s report, we’re almost caught up to April of 2017 levels!
Yes, if you’re wondering, this is how Slow Joe can take a debacle and ride into the future. I can almost hear it now “We lost only 13 in the withdrawal and look at the market!” Were it so simple. While it is reported that Taliban feel ‘angry and betrayed’ US troops destroyed aircraft before fleeing Kabul, we still fear Biden’s lefty insiders will find some way to sneak the Taliban those 22-tons of gold held by the NY Fed. If he swallows that, it would be treason. Time to take to the streets. But, I digress. It will all come out in the wash and this is a long cycle…
Still, no sign of sobriety on Wall Street, though a late sell-off is always something you watch for. Dow futures showed some disappointment but the S&P waxed onward and upward earlier.
Bitcoin is almost up to $50,700 with our outlook in the $54,000 area before the next digital disaster comes along.
Holiday weekend ahead, and a long, long two-parter on my ham radio antenna design tomorrow and Sunday, I’m a bit low on cynicism this morning. I’ll see what I can muster.
Remember the old joke? Where’s the closest place to catch a cab in NYC when it rains? (Ans: Chicago). Came to mind reading NYC pols outraged over lack of preparedness for deadly storm. Very sorry for the losses. Not climate. Weather. Deal.
Leave it to the NY Times: To pander to climate rather than admit government is mostly incompetent (and over-paid): Overlapping Disasters Expose Harsh Climate Reality: The U.S. Is Not Ready. No, dudes. That’s a political reality of a failing nation.
Rural Retirement is Worse? Yeah, surprising report on StudyFinds that Moving to the city helps older adults live longer. If you don’t get mugged, I ‘spose. Elaine would have to live several additional years just to shop a big enough city, though. I could eat my way through one…
Speaking of Eats: Fat momma’s could be problematic as Exposure to obesity in the womb puts babies at higher risk of developing bowel cancer as adults. NSS? Not that you can do anything about it…
Vaxy-Nation Notes: Military dotcom has a good one to track: Lawmakers Try to Ban Dishonorable Discharges for Troops Who Refuse Mandatory COVID-19 Vaccines. We’ll know the vax push is crazy when it starts being made a part of divorce settlements and such. Yes, we think the urge to control and impose that it’s only a matter of time…
Wait! They want to work more? Tech workers bemoan China’s crackdown on compulsory overtime. See what happens when you don’t have a Labor Day?
With the Labor Day long weekend finally here (thank you God, thank you!) it’s interesting to see how Unions are coming back to life a bit. We see this as another Second Depression marker coming to pass.
Take the story making the rounds this morning: Approval of Labor Unions at Highest Point Since 1965 (gallup.com).
Library of Congress has some notes on how labor fared in the Great Depression that are interesting:
“Although the future of labor unions looked grim in 1933, their fortunes would soon change. The tremendous gains labor unions experienced in the 1930s resulted, in part, from the pro-union stance of the Roosevelt administration and from legislation enacted by Congress during the early New Deal. The National Industrial Recovery Act (1933) provided for collective bargaining. The 1935 National Labor Relations Act (also known as the Wagner Act) required businesses to bargain in good faith with any union supported by the majority of their employees. Meanwhile, the Congress of Industrial Organizations split from the AFL and became much more aggressive in organizing unskilled workers who had not been represented before. Strikes of various kinds became important organizing tools of the CIO.”
Which sort of fits with our general notion which goes like…
- Markets were set to utterly collapse in February 2020.
- Seeing it coming the PTB launched the bio distraction.
- At the same time, the Fed went ape-shit making up money trying to jump from deflationary collapse into hyper/Weimar. Paper-over plan. Which will show up next year at (look surprised) with the Buy’ed ’em democrat’s tax spend n’ scam rolls out.
- Just in time not to bail out Social Security….
- Which means eventually retirement ages will rise to 73….
Anyway, the idea that labor union ‘tudes are rolling into the 1930’s rhyme is anything but surprising around here.
(It’s not a word, but it should be. Describes stories like…)
‘Shang-Chi’ doesn’t have a release date in China, this chart shows why that’s a big deal. Don’t mind us, we’re still wondering why Top Gun: Maverick is still not out…silly us, right?
Is Fonio the New Quinoa? (Are chainsaws the new cotton swabs?) At $12-bucks a pound on the ‘Zon, I’m thinking I’ll stick with rice and wheat for a while longer. After which it won’t matter.
Texas remains free in September as You Can Now Carry A Handgun In Texas Without A License, Training Or Background Check. And armed society is a polite one… Also noted by NPR’s presumably non-carrying editors National Rifle Association Cancels Annual Convention Due To COVID Concerns.
And chip shortages just keep getting worse: General Motors to Idle More Factories Because of Chip Shortage.
Daily Monetizations Check
Since gender, race, and climate are America’s only growth industries people get worked up over…
Gender Reveals are dangerous: Three schools went on lockdown after gunshots and screaming. The commotion was from a gender reveal, police say. Gunshots over a gender reveal? Didn’t someone go to jail?
What’s this? Outrage against White shaming? UK’s Johnson condemns racist abuse of England footballers in Hungary. Did Boris miss the memo on racism being a one-way street?
Climate is a kind of War, Fool! Analysis: US-China friction complicates progress on climate. John Kerry is something of a simpleton, as we figure it: Doesn’t see China expertly playing the Climate Card to bend America over. Like they’re playing the Chip Shortage card too. Kerry should see an optometrist or have someone explain to him how economic leashes work.
Can I Go Now?
Aw, hell, that’s a thousand words, or near-enough, ain’t it?
(You may not need too much coaching to figure out who has already moved into the Party! mindset early, huh?)
A run to the store today, fill the car up with gas (knowing the Tuesday before holidays is typically cheaper!) and loading up on goodies. Maybe even some green peppers to make BBQ kabobs on the ‘Q tonight. Glass of Pisano and just the charts on Peoplenomics tomorrow. Cottage cheese stuffed baked Yukons on the barbie, as well.
Despite this momentary buzz, the clock is always running. Projects to be done, housework and the yard. Made all the more interesting with a weather forecast for Monday that goes between half an inch of rain one minute to no rain the next.
Hope you have a good, dry, safe weekend, unless you’re in California. If there, I hope it rains enough to put out all fires but not flood Burbank. But extremes is what the Golden state’s about.
Write when you get rich,