This week’s economic recap covers all the labor data to include the ADP and BLS data.
Some highlights from this weeks data:
• U3 rate 4.2%
•U6 rate 7.9%
Both are cycle highs as actually employed declined -355k as the Fed will cut rates in Dec in hopes to stop labor market recession.
*most the jobs added came from leisure hospitality aka bar tenders(53k) & government (non producing) (33k)
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