June Employment Situation report due at the bottom of the hour. Consensus looking for 190k jobs based on the establishment survey (NFP), a 4.0% unemployment rate (unch'd), and average hourly earnings for all workers up 0.3% MoM or 3.9% YoY.
Companies decided to sink billions of dollars of new investment into manufacturing plants in the U.S. after the CHIPS and Inflation Reduction Act boosted incentives for U.S. production,
Check out that spike in manufacturing plant construction. It dwarfs all prior increases.
📉📈 #️⃣#️⃣
Quick thread about the labor market after continuing jobless claims rose much more than expected this morning.
What are continuing jobless claims? These are the number of people who are currently receiving jobless benefits. This is hard, actual counts of people, not a sampled survey data set.
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Unit sales -5% YoY, unit production -14% YoY. cc @niedermeyer.io
*TESLA 2Q DELIVERIES 443,956, EST. 439,302
*TESLA: 2Q PRODUCED ABOUT 411,000 VEHICLES
*TESLA 2Q MODEL 3/Y DELIVERIES 422,405, EST. 412,288
Part of the shock of John Brown’s attacks in Missouri in 1858 was that slave power was completely shocked by abolitionists standing up for themselves. It had always been assumed that the the slave owners were the protagonists and the abolitionists were just people who couldn’t move beyond words.
the simple way to think about it is that the office of the presidency is a gun. the Court has held that when you become the President, you have an unfettered right to use that gun any way you please. an insane decision.
Sending a bunch of based realtors and off-duty cops into the Capitol building to murder the speaker of the house, in my official capacity of President of the United States.
