Description
The government's latest data confirms the dramatic slowdown sweeping across the labor market. We've been documenting hours being cut, quitters quitting quits, no one hiring, and now even a few layoffs. Not only do the latest figures back all that up, they also help explain consumer behavior and even the last GDP estimate.
Eurodollar University's Money & Macro Analysis
CNBC Ford guides to low end of 2024 earnings forecast as it slightly tops Wall Street’s third-quarter expectationshttps://www.cnbc.com/2024/10/28/ford-motor-f-earnings-q3-2024.html
Ford Q3 https://media.ford.com/content/fordmedia/fna/us/en/news/2024/10/28/third-quarter-2024-financial-results.html
Challenger Gray & Christmas October 2024https://www.challengergray.com/blog/job-cuts-fall-in-october-2024-but-ytd-up-4-from-last-year/
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October payrolls were exceptionally weak, yet LT rates jump? With more rate cuts from the Fed basically assured, questions swirl around the Treasury selloff having many people wondering if there is a 'Trump trade' going on here. The answers are right there in front of us.
Eurodollar University's...
Published 11/04/24
This isn't about October or hurricanes. Government just confirmed jobs market is in big f-ing trouble.
Eurodollar University's Money & Macro Analysis
BLS Employment Situation October 2024https://www.bls.gov/news.release/archives/empsit_11012024.pdf
CNN Messy October jobs report muddied by...
Published 11/03/24