- Scoops
- Posts
- Daily Scoop 22-10-10
Daily Scoop 22-10-10
👋 Your Monday Scoops - McD's vs Black franchisees & Uber's criminal charges
Today's Scoop:Shaky
Love your daily scoops? Share this email with a friend!
Big Picture
Unemployment is at historic lows, but people are leaving the workforce.
Wages keep rising.
America's business leaders are expecting a downturn next year.
The Market:
⬇️
-0.8%
S&P 500: 3,612.39
1Mo:
-12%
| 1Yr:
-17%
| 5Yr:
+41%
Markets wavered today after a big dip on Friday following the September jobs report.
Unemployment declined to historic lows last month
, but more people left the labor force. Total employment increased by 263,000 in September, and the unemployment rate decreased to 3.5%. About half a million more people are working than before the pandemic.
Wages continued to climb as well,
now up 5% over last year.
More working-age Americans are leaving the job market.
The labor force participation rate fell to 62.3%.
America's CEOs expect economic pain in the next 6-12 months.
JPMorgan's CEO Jamie Dimon warned of a more-than-mild recession from rising rates and high inflation next year.
The fate of the war in Ukraine will be a major factor.
Company Scoops ❤🌎💰
(Click to dig in & vote your reaction, see how others feel)
Uber's
-
McDonald's
-
Amazon
-
Peloton
-
Rivian
(These links only work for 24 hours while the story is live)
🤓 Inside Scoop...
The
unemployment rate
and the
labor force participation rate
are two key metrics policymakers track to understand the state of the jobs market. The
labor force
is everyone who is defined as employed or unemployed. The participation rate is that number divided by the whole working-age population.
The most important part to understand is that the government only defines those who have actively looked for a job in the past four weeks as unemployed.
The unemployment rate does not track those who have stopped looking for a job, like
discouraged workers
or someone who stopped working to care for their children or elderly parents. So while a declining unemployment rate sounds good, if paired with a declining participation rate, it might indicate structural problems keeping people from working.
Make sure your inbox doesn't hide your Scoops
To prevent our emails from getting moved to your promotions or spam:
Gmail
: Move the Scoop to your "Primary" inbox:
On Mobile: Within this email, select the dots (...) in the top right of your screen. Select "Move to" & "Primary". If it's not there, then your mailbox isn't segmented.
On Desktop: Within your inbox, drag & drop this email into the "Primary" tab at the top left.
Apple
: Select the Scoops email at the top. Choose "Add to VIP"
You can find instructions here for all other email clients:
💙 Share the scoop!
1. Share your unique link with friends & coworkers (forward or copy)
2. When they sign up you unlock exclusive rewards
3. Keep on sharing to unlock more rewards
Forward your unique link:
You have made referrals
Reply