It all hits in September…

Sharing is Caring!

Bad news is good news till when? Till bad news becomes very bad news. Unemployment goes to 3.8% and the markets like it. Credit cards and subprime auto delinquencies at years high already at 3.5% unemployment. Let’s see what happens with delinquencies at a 3.8% unemployment…

Payrolls rose by 187,000 in August, unemployment rate rises to 3.8%

The U.S. added more jobs than expected in August, a sign of resilience for a labor market under pressure from Federal Reserve interest rate hikes.

Nonfarm payrolls grew by a seasonally adjusted 187,000 for the month, above the estimate for 170,000, the U.S. Bureau of Labor Statistics reported Friday.

However, the unemployment rate was 3.8%, up significantly from July and the highest since February 2022. That increase came as the labor force participation rate increased to 62.8%, the highest since February 2020, just before the Covid pandemic declaration.

See also  Biden wants you to get 5 shots in September. You know, for "public health."

It would be funny if the entire population of the United States maxes out their credit cards at the same time and then we refuse to oblige.

See also  A September Stock Market Crash Is About To Burst And It Is Worse Than You Think

Views: 726

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.