JUST IN - THE LABOR MARKET JUST THREW A CURVEBALL THAT COULD RATTLE EVERYTHING
unemployment plunges to 4.1% - the lowest in two years
yet the economy just lost 23,000 jobs in July
stronger employment rate - weaker hiring
classic mixed print
this is the exact setup that freezes the Fed, weaponizes the dollar, and sends rates + risk assets into violent crosswinds
expect pure chaos - volatility is loading.
JUST IN: Unemployment dropped to 4.1%, its lowest level in two years.
But the economy also lost 23,000 jobs in July.
Lower unemployment, but weaker payrolls.
These mixed labor prints can move rates, the dollar, and risk assets in different directions. Expect volatility.