Jobs -- July 8, 2022

Jobs report: expectations and analysis. The WSJ. Before the numbers are reported.

Jobs, actual: 372,000! Wow, wow, wow.

• Link here.
• Market will collapse. Put more pressure on Fed to keep raising rates.
• Participation rate: pretty much unchanged, around 62%.
• Interest rate has moved up. Ten-year treasury at 3.07% yield.  
• Unemployment rate stays unchanged at 3.6%. 
• Steve Liesman does not see report at inflationary.
• "some recession that we're having" (agree completely)
• a recession with 3.6% unemployment and 372,000 jobs added? 
• certainly not stagflation yet
• suddenly not worried about recession
  

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Re-Posting

Re-posting, from May 19, 2022:

The numbers below refer to "jobless claims."

From May 19, 2022:

From May 15, 2022:

I remember doing the same back-of-the-envelope analysis in the early days of the blog and coming up with similar numbers. 

Link here. Or direct to paywalled MarketWatch.