Old MacDonald had a farm, but you don’t really care for music do you

Okay but not great jobs report for June:

-Payrolls miss: 209,000 jobs added vs. 225,000 expected
-Unemp rate ticks back down to 3.6% but some softness under the surface
-Wage growth hotter than expected at 4.4% YoY

More charts to follow in thread below

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STOP USING THREADS

Bluesky is for people who are terminally online in the “it’s ya boy tarantula dick” sort of way while Threads is for people who are terminally online in the “everything in my life is Content” sort of way

The recovery in weekday restaurant traffic in cities is underperforming vs. the weekend, likely due to WFH.

Source: https://www.linkedin.com/posts/ben-wright-271a543_global-economic-insight-weekends-are-the-activity-7082387526438588416-tnGV/?utm_source=share&utm_medium=member_desktop

Using a mutual’s following list to find my other friends

A favorite college course was on the early American republic. My professor framed it this way: before the war, you considered yourself an Englishman: after the war, you woke up an American - and then had to figure out what the hell that meant.
247 years later, we're still trying to figure it out!

David Autor, Arindrajit Dube & Annie McGrew estimate low-wage workers’ ability to switch into higher-paying jobs has unwound 1/4 of the wage inequality between top & bottom earners that built up in the 4 decades before the pandemic.
https://www.wsj.com/articles/the-richcession-keeps-rolling-9a2ba848

Bonus July 4 Odd Lots!

@tracyalloway.bsky.social and I talked to Jared Bernstein, the head of The White House Council of Economic Advisors about what’s next for Bidenomcs https://www.bloomberg.com/news/articles/2023-07-04/what-is-bidenomics-jared-bernstein-discusses-white-house-economic-priorities

You read 600 posts on Twitter because that's all you can read.

I read 600 posts on Blue Sky because that's all there is to read.

yeah, i'm thinking we're back

if twitter goes down, that's it for me, i'm done with social media...

also me...
hi world