Big Job Energy, Weak Labor Earnings Energy…



Brad DeLong The Bureau of Labor Statistics announces:

Payroll employment rises by 311,000 in February; unemployment rate edges up to 3.6% :

Total nonfarm payroll employment rose by 311,000 in February, and the unemployment rate edged up to 3.6 percent. Notable job gains occurred in leisure and hospitality, retail trade, government, and health care. Employment declined in information and in transportation and warehousing… <https://www.bls.gov>

Continued remarkably strong job growth; surprisingly, weak labor, income growth; and so Mr. Market thinks the federal reserve is likely to back off…

Brad DeLong A MacBook Pro that was not running some background processes this morning. And then, when I rebooted it, it would not get past the Apple logo. And then, when I dropped into recovery mode, it said: “there is no user to recover“. At this point near panic sets in, but I called Apple before wiping it and reloading it from back up. And as soon as the Apple person got onto the line it successfully booted. There is strong evidence. These things are already thinking for themselves. Put me down with Baratunde Thurston as adding “and please do not kill all the humans” to LLM model prompts…

Brad DeLong But now it is definitely time to attach the external time machine disk anytime I don’t need all three of the thunderbolt ports for something else…

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