News: Shocking New Jobs Numbers Just Released...You Won't Believe This
Rebel Capitalist News
George Gammon
4.7 • 1.1K Ratings
🗓️ 11 October 2023
⏱️ 16 minutes
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Summary
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Transcript
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| 0:00.0 | Hello for the rebel capitals, hope you're well. |
| 0:01.8 | So the new jobs numbers just came out. |
| 0:05.0 | They're absolutely shocking, to say the least. |
| 0:09.4 | They exploded higher. |
| 0:12.0 | They vastly exceeded expectations. So this leads us to a lot of questions. Is the |
| 0:19.0 | economy rock solid? Is it on fire? Should we be worried about growth, inflation and all these things. |
| 0:27.5 | And bond market, the end of the yield curve is going up higher and higher and higher and higher. |
| 0:32.2 | How high will mortgage rates go? |
| 0:35.0 | I mean, this is really some crazy stuff. |
| 0:37.0 | Let's get to the Wall Street Journal and go over the details real quick. |
| 0:40.0 | And then we'll really try to take a holistic view at the entire jobs market based on this new report and then kind of connect some dots like we usually do at the end of the video. |
| 0:51.3 | But starting off right here headline number, massive hiring |
| 0:57.1 | accelerated with 336,000 jobs added last month. |
| 1:05.0 | They say September's increase in payrolls is the biggest since January. |
| 1:10.6 | Wage growth slowed. |
| 1:12.0 | We're going to go over a couple more Wall Street journal articles here that like I said give us maybe a little bit different view, but let's keep going. |
| 1:22.0 | Wage growth slowed while unemployment... different view, but let's keep going. |
| 1:22.5 | Wage growth slowed while unemployment held steady. |
| 1:26.7 | So if unemployment held steady, that means more, |
| 1:31.5 | that means, hmm, I wonder what's happening to the labor force. more that |
| 1:35.0 | is more what's happening to the labor force participation there. |
| 1:36.0 | That is interesting. I guess the labor force |
... |
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