Hello,

so the ADP jobs numbers out today

and they completely blew away

market expectations.

Let's get right over to see and be see,

check this out. Let's go over the data and try to connect some dots title

Private sector companies added

497,000 jobs in June, more than double the expectations according to the ADP.

I guess the official jobs numbers come out tomorrow but so far this is looking like a complete

blowout key talking points private sector surge 497 well ahead of the

267,000 gain in May and much better than the 200,220,000 estimate.

Leisure and hospitality led the way, as you would expect, 232,000 new hires followed by construction and trade

transportation utilities at 90,000.

So this, first of all, this goes right back to what we've been talking about on this channel,

that you have this very weird circular economy with young people, that you took away the

majority of their expenses and you increased their average hourly wages

substantially.

So they're not really impacted by inflation like the rest of us because a lot of them don't have a

car payment they don't have insurance payment they don't pay for their own food

because they live in their mom's basement and I'm not seeing that disparagingly it just

it is it is right and they don't have a house

payment they don't have a mortgage payment they don't have a rent payment so if

...