Old MacDonald had a farm, but you don’t really care for music do you
16.07.2023 16:16
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Old MacDonald had a farm, but you don’t really care for music do you
Okay but not great jobs report for June:
-Payrolls miss: 209,000 jobs added vs. 225,000 expected
-Unemp rate ticks back down to 3.6% but some softness under the surface
-Wage growth hotter than expected at 4.4% YoY
More charts to follow in thread below
1/
a "stop doing math" parody about the app threads
STOP USING THREADS
Bluesky is for people who are terminally online in the “it’s ya boy tarantula dick” sort of way while Threads is for people who are terminally online in the “everything in my life is Content” sort of way
The recovery in weekday restaurant traffic in cities is underperforming vs. the weekend, likely due to WFH.
Source: https://www.linkedin.com/posts/ben-wright-271a543_global-economic-insight-weekends-are-the-activity-7082387526438588416-tnGV/?utm_source=share&utm_medium=member_desktop
Using a mutual’s following list to find my other friends
A favorite college course was on the early American republic. My professor framed it this way: before the war, you considered yourself an Englishman: after the war, you woke up an American - and then had to figure out what the hell that meant.
247 years later, we're still trying to figure it out!
David Autor, Arindrajit Dube & Annie McGrew estimate low-wage workers’ ability to switch into higher-paying jobs has unwound 1/4 of the wage inequality between top & bottom earners that built up in the 4 decades before the pandemic.
https://www.wsj.com/articles/the-richcession-keeps-rolling-9a2ba848
Bonus July 4 Odd Lots!
@tracyalloway.bsky.social and I talked to Jared Bernstein, the head of The White House Council of Economic Advisors about what’s next for Bidenomcs https://www.bloomberg.com/news/articles/2023-07-04/what-is-bidenomics-jared-bernstein-discusses-white-house-economic-priorities
You read 600 posts on Twitter because that's all you can read.
I read 600 posts on Blue Sky because that's all there is to read.
yeah, i'm thinking we're back
if twitter goes down, that's it for me, i'm done with social media...
also me...
hi world