The unemployment rate for young, college-educated women just had its boldest non-Covid jump since records began in 2000 (not seasonally adjusted). This series moves up and down like a Richter scale. Even so, the nature of this rapid pop from 1.8% to 4.1% caught my eye. pic.twitter.com/N70lXNqMPw
— Jeff Weniger (@JeffWeniger) July 8, 2024
U.S. Stock Market: "The U.S. consumer is strong, which is why you should continue buying stocks, every day, at near-record high P/E multiples and all-time-record absolute highs".
The Consumer: ⬇️ t.co/Rxmu7TSDbr
— Gordon Johnson (@GordonJohnson19) July 9, 2024
See also Powell at Jackson Hole signals rate cuts. Unemployment begins to move sharply the wrong way
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