From BLS: Employment Situation Summary
“Total nonfarm payroll employment increased by 287,000 in June, and the unemployment rate rose to 4.9 percent, the U.S. Bureau of Labor Statistics reported today. Job growth occurred in leisure and hospitality, health care and social assistance, and financial activities. Employment also increased in information, mostly reflecting the return of workers from a strike.”
So it looks like we, with our simple view of forward-looking economic data (items like Semi Equipment, manufacturing ‘prices paid’, etc.) vs. backward looking (Payrolls, consumer, etc.) may yet have a say in coming events with an ‘inflationary growth’ scenario still on the table after all.
I am going to call them the 3 Amigos; they are the ones that a now former subscriber noted were full on bearish the stock market with the shining light among them, a technology expert, very bearish the Semis. My view was shall we say, not theirs.
I stated that I will publicly admit I was wrong when proven so. This report does little to make me think I’ll have to.
LOL, we have two new kitties. I am cracking up laughing as I type because they are all over the keyboard and I guess really interested in what I have to write. In fact, one of them is following the cursor on the screen as I type this sentence! Too funny.
Back on topic, here are the particulars of the Payrolls situation. As usual, the good ship Lollypop is led by its services sectors.
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