Jobs report is horrifically bad.

[Gomez Adams]

September's jobs creation comes up short with gain of just 194,000

Nonfarm payrolls were expected to increase by 500,000 in September, according to economists surveyed by Dow Jones.

www.cnbc.com

Nonfarm payrolls rose by just 194,000 in the month, compared to the Dow Jones estimate of 500,000, the Labor Department reported Friday. The unemployment rate fell to 4.8%, against the expectation for 5.1%.​

So here we are with this alleged "booming economy" that is horrifically short on workers which is causing shortages everywhere and yet somehow nobody is going to work.

This means one of three things:

• The entire economy is complete bullshit.
• The entire jobs report and unemployment levels are complete bullshit.
• All of the above.

 

[Hugo Stiglitz]

It's all of the above. Elon Musk tweeting has more effect on the economy than a shitty jobs report or 28 trillion dollars of debt or the attempted overthrow of the government.