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| Economy |
| BLS report for August: Continued weakening |
| 2025-09-06 |
| Summary: Employer reported jobs up 22k, adjustment to June and July down about that much Average wages up as is productivity Major annual adjust based on state unemployment tax reports will be made mid Sept (the previous two adjustments revised employment way down) Federal employment down 90k+ since 2024 (which is a GDP loss in the short term but may be beneficial in the long term) The bond market thinks a decrease in the Federal Funds rate is almost a lock for Sept 16-17 (not in BLS report but look at the action on rates of T instruments). Courtesy of Skidmark: First jobs report since Trump fired stats boss sends Wall Street on a wild ride |
| Posted by:Lord Garth |