Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a brief summary of a detailed note available to paid subscribers.
The January nonfarm payrolls report was red hot. The economy added 353,000 with the December employment report revised up to 333,000. Service providers, professional services and manufacturing captured substantial gains. The unemployment rate remained at 3.7%. Wages grew at .6% for the month, its highest rate since March 2022.
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