U.S. employers added 517,000 jobs in January 2023, far more than expected, and the jobless rate fell to its lowest level since 1969. Coincidentally, the Treasury yield curve was inverted for the ninth time since 1968. Lowest level (jobless) since the height of the Vietnam War when a half million young men were in Southeast Asia. In fact, growth and unemployment rates continue to defy expectations and inflation is down. Fed officials are adamant that the inflation fight isn’t done. Investors don’t believe them.
Jobs, Jobs, Jobs (amid Prolonged War)
Jobs, Jobs, Jobs (amid Prolonged War)
Jobs, Jobs, Jobs (amid Prolonged War)
U.S. employers added 517,000 jobs in January 2023, far more than expected, and the jobless rate fell to its lowest level since 1969. Coincidentally, the Treasury yield curve was inverted for the ninth time since 1968. Lowest level (jobless) since the height of the Vietnam War when a half million young men were in Southeast Asia. In fact, growth and unemployment rates continue to defy expectations and inflation is down. Fed officials are adamant that the inflation fight isn’t done. Investors don’t believe them.