September Jobs Report Beats Expectations

October 04, 2024

Good Evening 🇺🇸,

What happened today,

U.S. job creation roared higher in September as payrolls surged by 254,000

Nonfarm payrolls were expected to increase by 150,000 in September, according to the Dow Jones consensus forecast.

www.cnbc.com/2024/10/04/september-2024-us-jobs-report.html

  • September jobs report saw unemployment fall to 4.1% below expectations and added 254k jobs above expectations

  • The port strike has ended as workers agree to a tentative deal on wages, wages will increase 61.5% over six years

  • Missouri judge blocks Biden’s student loan forgiveness that was cleared to proceed

  • Biden makes first White House press briefing appearance of presidency

  • Elon Musk to attend Trump Pennsylvania rally at site of assassination attempt

  • DOW up 341.16 points/ S&P up 51.13 points

  • Marist poll finds 69% of NYC residents believe Mayor Adams should resign

  • Israeli airstrikes cut off a key crossing between Lebanon and Syria, also target potential new Hezbollah chief

Bonus: A cool image showing what percentage of homes have air conditioning across the world

Quote of the day: “The secret of success is to do the common thing uncommonly well.” – John D. Rockefeller Jr.

Have a great weekend!

P.S. Email me at [email protected] for more info on any news points in the letter!