The U.S. jobs report slightly beat estimates 09:10 $ECON The U.S. jobs report slightly beat estimates with a 263k September payroll rise after 11k in upward revisions, with a fourth consecutive 34.5 workweek that allowed a 0.2% September rise in hours-worked. Hourly earnings rose by 0.3%, leaving the y/y rise slipping to 5.0% from a third consecutive 5.2% y/y increase. The household data revealed a 204k civilian job gain with a -57k labor force drop, leaving a drop in the two-digit jobless rate to 3.49% from a 6-month high of 3.65% (reported as 3.7%). The jobless rate rounded to a 3.5% figure that matched the cycle-low from July. Payrolls have now reclaimed 102.3% of the jobs lost in March and April of 2020. Hours-worked rose 0.2% to reclaim 107.0% of the pandemic drop. The net upward ratcheting of the workweek with the pandemic means that hours have been recouped by fewer workers working more hours, though this is unwinding. The GDP rise through Q2 reclaimed a much bigger 137.0% of the pandemic-drop, thanks to the pandemic productivity surge.
Remind me to contact big Pete- he used to work at Stifel- Cannabis stocks could rise about three times in near-term, says Stifel 08:33 CRLBF, CURLF, GTBIF, TRSSF, TCNNF, ACB, CGC, CRON, TLRY
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You can't yell at anyone anymore Van. Just got a weird phone call to see if I was " ok " Apparently I snapped at someone at the HF earlier today... I just said ENOUGH PIVOT really loud... that's all I did...
In the old days when the action was hot you crowded your brokerage! The Schwab ticker tape place E trade they all had offices you could go to- like betting on horses- and you could stand there shoulder to shoulder with someone and see your dreams disappear... And you could yell. I guess they don't do that anymore... should of never of gone up there...
... and they didn't want to buzz me in. / Its only been 2 years- It's a skeleton crew with the hot shots all working at home on a Friday