So 42% of the 3.1 million payroll gains in 2023 is due to BLS birth-death model. Here is Fed’s staff explanation back in Jan 2001 in the Greenbook on why the adjustment may overestimate job gains and “may not incorporate shifts in labor market trends in a timely fashion.”
Inscriptions first took off earlier this year on the Bitcoin network. Now they are popping up on more than a dozen other smaller blockchains, pushing up transaction fees and in some cases, bogging down networks https://t.co/MyRVdPzi58 via @crypto
The core CPI rose 0.3% in November from October, in line with expectations.
This held the 12-month core inflation rate at 4% and brought the six-month annualized rate down to 2.9% in November, from 3.2% in October.
https://t.co/mnXQgghn4v