The number of payrolled employees was estimated to have fallen by 47,000 during December to 30.3 million, which is the biggest drop since November 2020.
Biden said he had altered the ‘basic formula’ of the US economy. He also discussed NATO, Putin, the Israel-Hamas ceasefire, and his approach to inflation.
People’s expectations regarding year-ahead prices for food increased while prices for gas, college education, medical care, and rent are predicted to go down.
The job numbers are notoriously premature and subject to massive revisions later on. Be patient since we believe a phenomenal earnings season is about to begin.