← Writing
Feb 2, 2024 · 1 min read

Good news!

> Nonfarm payrolls expanded by 353,000 for the month, much better than the Dow Jones estimate for 185,000
> > unemployment rate held at 3.7%, against the estimate for 3.8%.
> > On a year-over-year basis, wages jumped 4.5%, well above the 4.1% forecast.

December and November numbers were revised up and GDP ended the year strong.

But The Federal Reserve left interest rates unchanged

& counterpoint

> In the last year, tech giants made massive cuts to their workforce, which didn’t just please investors — they led to sky-high profits.

Mostly good but not all rainbow farts and unicorn giggles