“Let’s talk about something important.”
The good news: No impact from trade wars … yet.
“An excruciatingly tight labor market”?
Wage growth alarm?
ADP: Private sector had a good month too.
“Just down the road …”
Labor force falls.
“What a number. This makes your jaw drop.”
No blowout, but steady.
“Businesses are anticipating a lot of good stuff — tax cuts, less regulation.”
CBS: US economy is “going nowhere fast.”
Fed to hike rates now?
Did we see contraction in Q1?
Small-business hiring cools?
ADP: Economy added 218,000 jobs in July.
But the civilian workforce participation rate still at 36-year low of 62.8%.
Lowest in four months.
Thaw, not warmth.
Manufacturing drops 12,000.
Weekly jobless claims stable.
The only game in town?
Remarkably steady rates
“Newsom’s statement is contradicted by San Francisco’s own point in time homeless counts.”