kootafoot.bsky.social
Suspicious of the things under the rug especially when the bump in the rug is obvious. It appears now, Humans are questionable in terms of being a higher form of life.
👤 Joined on 30 January 2025
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- 30 Oca 2025, 18:17
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@kootafoot.bsky.social
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Suspended animation Dismal jobs report with only 29,000 jobs created in the month and tepid wage gains. Losses in local government employment shaved 17K from the total Wage gains continued to cool. Benefit costs are cutting into wage gains, much to the dismay of workers.
Show PostThat begs the question of who will replace the workers with foundational knowledge that are leveraging -AI in higher paid jobs. The Fed is expect to skip a rate hike in October and resume hikes in December.
Show PostThey are trying to prevent a larger blow to the labor market and engineer a softer landing. Still, the inflation data going into the October meeting will be ugly and hot due to the resurgence of energy prices. Elevated diesel prices could have a long tail, given the loss in global refining capacity
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current $SPX breadth 142 up 361 down
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California continues losing tech jobs—in data released yesterday, the Golden State lost more than 14k jobs over the last year and more than 23k since 2020
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