Hello, fellow rubble capital. Hope you're well. So big day today. We got some jobs data finally,

but it's the jobs data from September. But it tells us a lot about what is actually happening

in the labor market. So let's do a screenshot, dive right into the details. We're going to go over

to zero hedge. And then, of course, we're going to go over to zero hedge and then of course

we're going to see how interest rates responded what the stock market is doing and then what the

probabilities are the fed cuts or pauses at their next meeting in December so let's do that screen share

josh is m ia i'll let you guys guess as to what he is doing.

And we're going to start with zero hedge. There we go. Okay. So we've got this zoomed in. So hopefully everyone can see it. Job shocker. September payrolls print above all forecasts. But unemployment rate hits four-year high.

How is that possible?

Well, the labor force participation increased.

So why would the labor force participation increase?

People are having to go back to work.

Not that they want to, but they have to.

That's likely what's going on.

That's why the unemployment rate went up to, I believe, 4.4.

But let's keep going here.

Because as you guys can guess, so they go through and give a range of estimates just to show

that this number dramatically exceeded the highest

expectations for 105 and we had a 119 a 119 a 119 now a 119 in an economy of 350 million people or whatever we have right now,

ain't that great, as you can see here.

That bar is not one of these bars.

A lot lower.

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