One number i want to highlight is wage growth. 2. 7 . I mean, its not terrible but you have to look at the environment. You have to look at the context here. In this stage in the cycle where were at near or full employment, meaning that every american who is either willing or able to get a job has one, weve seen wage growth between 3. 5 . This is a persistent problem to the administration. This speaks to how people feel. They want a raise. Overall, a very strong relatively strong report. Missing expectations, 157,000. The market isnt loving it because its below the trend weve been seeing so thats why the market isnt liking it. But 3. 9 . Its solid for two main reasons. This goes back to my point about context. One is that at this point in the cycle you would think that hiring would slow very significantly because we are at near full employment so you would think that actually you
would expect this kind of pullback. The other thing is it doesnt seem like tariff worries until this mornin
Number
Employment
Wage-growth
Cycle
Stage
Context
Environment
American
One
2-7
Administration
People
their oil for more. they just did a military cooperation agreement a couple of months ago with the russians. so they re really not helping their ally, the united states, in what is going on in ukraine. they betrayed the u.s. and cozied up to putin. with trump, the russia point is made. more skillfully by rick stengel. in the political world people can only sustain one foul. so the russia thing is so flagrant. but this is just as deep and connected. they are an al eye. it is in a different category. going back decades and decades, post 9/11, the families were, you know, deeply offended and remain very active on this front. it is a very complicated relationship. it is. it is also a third rail that shouldn t be hit for the most part in politics but trump keeps
U-s
More
Rally
Soil
Military-cooperation-agreement
Couple
Russia
Ukraine
It-trump
People
World
Up-to-putin