The Higher Standard cover image

Inflation Tamed, A Government Recession & Haroon Wears Salmon

The Higher Standard

00:00

The US Economy Adds 187,000 Jobs in July

According to the Guardian, the US economy adds 187,000 jobs in July. A sign that the labor market is cooling after a series of interest rate hikes by the Fed Reserve have driven rates to their highest level in 22 years. The Bureau of Labor Statistics and the jobs numbers have been revised not once, but twice for every single month going back the last six months. But you notice that you've never heard that in the media: The job numbers come out. It's a big headline. No one ever goes back and says, Hey, shit, it was revised down. As a matter of fact, in June, the job number came out. It was revised down once and revised down

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app