90% of US cities saw a rise in year over year unemployment rates in July, according to the BLS. pic.twitter.com/RBvcLcyOOC
— Win Smart, CFA (@WinfieldSmart) September 3, 2024
According to the Bureau of Labor Statistics (BLS), 90% of US cities experienced a rise in year-over-year unemployment rates in July. Specifically, jobless rates increased in 350 out of 389 metropolitan areas.
Unemployment doubts rise; rate cut talks and Trump’s sentencing could shake markets.
It's going to be a wild week. Unemployment remaining at 4.3% is laughable but intentional. A large miss will set the rate cut narrative ahead of Powell's Sep 18 speech.
If it spooks markets they'll blame Trump's sentencing which is "coincidentally" scheduled on the same day. https://t.co/FtMjUa7CTB pic.twitter.com/XD9OGHXiO2
— Financelot (@FinanceLancelot) September 2, 2024
Meanwhile:
The Baltic Dry Index is inflecting higher again, much like it did during the initial wave of inflation following the COVID-19 lockdowns.
For those who may not know, this index reflects the average cost of transporting dry bulk goods, including coal, iron ore, and… pic.twitter.com/Kik9YxLnZX
— Otavio (Tavi) Costa (@TaviCosta) September 3, 2024
If we don’t have reliable economic data, what DO we have!?!?
Their proposed solution, per usual, is to spend more money 🙄 pic.twitter.com/hpdk4nLDCZ
— Amy Nixon (@texasrunnerDFW) September 3, 2024