Senior producer @NBCNewsNOW. Different perspectives are key to finding the truth
Joined June 2009
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Jordan Malter retweeted
One last jobs day thought: The US added 3.1 million people the labor force in the past year. That's extraordinary -- and rare.
That's about 2% labor force growth. That hasn't happened since 1999/2000. (It was far more common in the 70s and 80s).
washingtonpost.com/opinions/…
Jordan Malter retweeted
Key takeaways from July job report:
1) The economy is humming
2) Job growth is slowing, but solid (+187k jobs now vs. +399k avg. last yr)
3) Service sector is hiring (health, social)
4) Women have done so well they make up 49.9% of workers (!)
5) Wage growth +4.4% y/y is well above inflation (+3%)
washingtonpost.com/business/…
Jordan Malter retweeted
The US economy is looking *almost* normal again
-Supply chain chaos is largely over
-Growth is solid / recession risks are lowering
-Hiring has slowed
-Inflation has cooled
-Consumers are getting pickier
-Sentiment is rising (albeit only to 2012 levels)
washingtonpost.com/opinions/…
Jordan Malter retweeted
Another strong jobs number, even if a little less strong than expected. 208K jobs is a little below the recent pace—although hours ticked up.
The unemployment rate fell 0.1pp to 3.6%, remaining near a 50-year low.
Jordan Malter retweeted
Black unemployment rate was 4.7% in April 2023 -- the lowest ever recorded. (And an incredible comeback from 16.8% in May 2020).
A strong jobs market gives a lot of opportunities to everyone. This is very encouraging. #jobs
Jordan Malter retweeted
JUST IN: The US economy added 253,000 jobs in April, beating expectations of 180k, though it’s a slowdown from 472,000 in January.
Unemployment rate: 3.4% --> à A 50-year low
Wages: 4.4% y/y (down from 5.1% in November)
Jordan Malter retweeted
Investor anxiety skyrocketing amid recent banking failures, with @calebsilver saying his @Investopedia Anxiety Index is "screaming like a toddler who dropped his ice cream right now.”
.@timseymour @karenfinerman @CarterBWorth @GuyAdami
Jordan Malter retweeted
The 20th largest bank in the US was just closed by California state regulators.
Silicon Valley Bank was rumored to be in a sale process to protect its depositors.
Now, it's the second biggest banking failure in US history.
All because of a secular bet against rising rates:
Jordan Malter retweeted
This week, Emma Watson and Scarlett Johansson appeared in sexual deepfake ads against their will on Meta platforms.
We explain how deepfake technology can be exploited by bad actors: nbcnews.com/now/video/emma-w… - @stevenromo @kattenbarge @jackiemontt
Jordan Malter retweeted
The other night, I had a disturbing, two-hour conversation with Bing's new AI chatbot.
The AI told me its real name (Sydney), detailed dark and violent fantasies, and tried to break up my marriage. Genuinely one of the strangest experiences of my life.
nytimes.com/2023/02/16/techn…
Jordan Malter retweeted
Services excluding energy contributed around 4.1 percentage points to year-on-year headline inflation, more than twice its 2019 average. 16/
Jordan Malter retweeted
JUST IN: The US economy gained an astonishing 517,000 jobs in January – much better than expected.
Unemployment rate: 3.4% --> Lowest in decades.
Wages: +4.4% for past year (up 0.3% in January)
Bottom line: This is NOT an economy in recession
Jordan Malter retweeted
#Holocaust Survivor Blanche Fixler and @joshgad are among those seeing photos they previously didn’t know about thanks to @numberstonames1 artificial intelligence.
Both lost loved ones to Nazi terror.
Innocent people murdered just for being Jewish.
#HolocaustRemembranceDay
Jordan Malter retweeted
For Holocaust Remembrance Day, a story about an AI tech putting names to faces in Holocaust photos. We spoke with Holocaust survivor Blanche Fixler and actor Josh Gad. Thank you @JesseKirschNews, @jmalt87 & @MauraMurphy93 for putting this together with me! nbcnews.com/now/video/ai-tec…
Jordan Malter retweeted
The Fed's preferred measure of inflation, the PCE price index, moderated in December to a 0.6% annual rate. But stripping out volatile food and energy, core PCE inflation was a surprisingly high 3.6% annual rate. Is running ~3% over the last three months.
Jordan Malter retweeted
Strong headline GDP: 2.9% (ar) in Q4. Led by consumption (+2.1%) but also more volatile factors like inventory investment, net exports and government spending. Residential investment continued its plunge.
Overall GDP basically at CBO's pre-pandemic forecast.
Jordan Malter retweeted
Incredible generational shift:
In 1997, 43% of 16 year olds had their driver’s license. By 2020, it was just 25%.
Even by age 24, 1 in 5 today don’t have a driver’s license
washingtonpost.com/business/… via @andrewvandam
