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Daily Scoop 8-9

Daily Scoop 8-9

👋 Your Monday Scoops - Sell your car! Facebook bans & Amazon intimidation

August 09, 2021

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Today's Scoop:Stirred

Big Picture

Almost one million more people got back to work in July.
Used car prices are still wildly high.
Unions are gaining momentum at major corporations after years of slow traction.

The Market

⬇️

-0.1%

S&P 500: 4,432.35

1Mo:

+1%

| 1Yr:

+32%

| 5Yr:

+103%

Markets are spinning around trying to find direction. The US July Jobs Report was released on Friday and it was better than expected, sending markets to new record highs. Roughly 943,000 people got back to work in July, and the unemployment rate dropped to 5.4%. But US covid cases are at a six-month high, and more countries and companies are tightening restrictions.

Company Scoops ❤🌎💰

(Click to dig in & vote your reaction, see how others feel)

Amazon's

worker intimidation

Facebook

shutting down researchers

Ford

cutting employees

Carvana's

surging used car sales

Berkshire Hathaway

continues to rebound

🤓 Inside Scoop...

The Bureau of Labor Statistics reports on the health of the US jobs market monthly. It calculates six different unemployment rates, measuring the jobless as a percentage of the labor force. The rate most often referenced is the U-3 unemployment rate, which counts the number of willing and able to work who have actively sought work within the last four weeks but are currently not working. Some other rates might include measures of people who have given up looking ("discouraged workers") or those who want full-time roles but can only find part-time roles ("underemployed").