Nonfarm Payrolls Show Abysmal U.S. Job Growth as Oil Futures Spike

Real Vision: Finance & Investing

Real Vision

Business News, News, Investing, Business

4.1 • 1.1K Ratings

🗓️ 9 October 2021

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

DB-Oct8,2021: The U.S. nonfarm payrolls data revealed that a mere 194,000 jobs were added in September, a major miss on the 500,000 median estimate and the slowest month in U.S. job growth so far in 2021. Meanwhile, U.S. crude futures peaked at $80 a barrel, the highest it's been since November 2014, as energy supply remains tight. Tune in to hear Jared Dillian's thoughts on this week's volatile price action, slowing economic growth, and the global energy crisis. Interviewed by Jack Farley. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3FxQZr8 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Are you ready for a Monzo Business Bank account?
0:03.3	Heather from the Accountant's Growth Club was?
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0:16.8	If you're ready for a Monzo Business account, apply today.
0:19.9	Just search Monzo Business.
0:21.5	Only sole traders or limited company directors in the UK can apply.
0:25.0	Get tax pots with Monzo Business Probe for £5 a month.
0:28.1	Keys and C's apply.
0:30.1	Welcome to the Real Vision Podcast Network.
0:42.2	Welcome to the Real Vision Daily Briefing.
0:44.0	I'm Jack Farley.
0:45.1	Today, we are joined by Jared Dillion of the Daily Dirtnap, Jared.
0:49.8	Welcome back.
0:52.4	Thank you.
0:54.5	It's great to have you, Jared here.
0:55.9	It's Friday, October 8th.
0:57.5	I should say we had some distressing news from the labor market
1:02.1	where we were expected to add half a million jobs in September.
1:07.4	And we only added $194,000.
	...

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