Unemployment rate held steady at 3.7% for a third month in a row. Job gains occurred in professional services, health care, and retail. Employment declined in mining, quarrying, and oil and gas extraction.
What's interesting is tech has been laying off workers, yet professional services still sees job gains. Anecdotally, I've heard that it's the senior, high-paying jobs that are being cut in favor of lower salaried jobs.
Retail earnings start next week. Let's see what happens. A popular ETF -- XRT 0.00%↑ -- is relatively flat for the year with a fairly low IV. The macro conditions appear fairly stable. We'll see at an individual level what happens. See below.
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Unemployment Rate for Jan 2024
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Unemployment rate held steady at 3.7% for a third month in a row. Job gains occurred in professional services, health care, and retail. Employment declined in mining, quarrying, and oil and gas extraction.
What's interesting is tech has been laying off workers, yet professional services still sees job gains. Anecdotally, I've heard that it's the senior, high-paying jobs that are being cut in favor of lower salaried jobs.
Retail earnings start next week. Let's see what happens. A popular ETF -- XRT 0.00%↑ -- is relatively flat for the year with a fairly low IV. The macro conditions appear fairly stable. We'll see at an individual level what happens. See below.
Upcoming major retail earnings for February include McDonalds MCD 0.00%↑, Pepsi PEP 0.00%↑, Coca Cola KO 0.00%↑, Disney DIS 0.00%↑, Ralph Lauren RL 0.00%↑, Expedia EXPE 0.00%↑, Home Depot HD 0.00%↑, Walmart WMT 0.00%↑, Lowe’s LOW 0.00%↑, Booking BKNG 0.00%↑, TJX TJX 0.00%↑.
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