Health & Wellness
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872
Awkward question r: Terrible odor after pooping
2024 Presidential Election
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Black, and thinking of voting for Biden?
Tech Industry
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how much money should i have saved by 25
Tech Industry
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Always sell on vest is a financially ruinous advice
Tech Industry
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I’m in the wrong industry
https://www.cnbc.com/2024/07/03/private-payrolls-grew-by-just-150000-in-june-less-than-expected.html Here’s the meat of the article: “Without the surge in leisure and hospitality hiring, the total would have been considerably lower. The sector added 63,000 jobs, easily the biggest gain among the categories that payrolls processing firm ADP measures. Other sectors showing gains included construction (27,000), professional and business services (25,000), other services (16,000), and trade, transportation and utilities (15,000). On the downside, natural resources and mining showed a decline of 8,000, manufacturing lost 5,000, and information was off 3,000. “Job growth has been solid, but not broad-based,” ADP’s chief economist, Nela Richardson, said. “Had it not been for a rebound in hiring in leisure and hospitality, June would have been a downbeat month.” The pace of wage gains also moved lower for those who stayed in their jobs, down to 4.9% on a year-over-year basis for the smallest rise since August 2021. Job switchers saw a 7.7% increase, a number that also has been trending lower. The bulk of job creation came from companies that employ 50-499 workers, a group that added 88,000 on the month. Small businesses contributed just 5,000. Geographically, 80,000 jobs came from the South, or more than half the total.” This follows the trend we’re seeing in the market, especially with tech. Startups seem to be humming along, but high interest rates and the tax rule is having a noticeable effect on runway. TC: 105K
So most jobs were added in OF, hmmm 🤡
Maybe. The retail and hospitality jobs are more telling, especially since it means we’re in a bad job market.
Recession is coming or what ? Explain it to me like I’m 5 old (I’m not, but completely stupid)
The numbers will get adjusted lower in the next few months, just like they always do now.
Stonk market don’t care, rallied 1% anyway.
This is true. The job market and stock market are horribly incongruent.