First Friday: We Lost 23,000 Jobs, Yet Somehow Unemployment is Down?!?!

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#739: The jobs report is spicy. The U.S. Rather unexpectedly lost 23,000 jobs last month, even though unemployment is down. We're going to talk about that, plus inflationary fears, the latest Fed meeting, expectations of what the Fed's going to do in September, mortgage rates, and I reveal a shocking change in one of my portfolio assets. ⏱️ TIMESTAMPSNote: Timestamps may vary slightly depending on dynamic ad placements. (00:00) July jobs surprise (03:35) Jobs versus unemployment (05:52) Hiring by industry (08:03) Bond purchase explanation (09:35) Bond basics and yields (15:32) High bond yield impacts (25:28) Unemployment claims update (27:35) Tough job market for newcomers (32:36) Income trends by age (35:23) Mortgage rates climb (37:20) Housing affordability pressures (41:18) Fed outlook and housing market (51:28) Gold prices are weird! (57:37) 530A Accounts 👉 Free cheat sheet: which investments belong in which account: https://affordanything.com/assetlocation 👉 Figure out your own money mindset — free FiiRE Playbook: https://affordanything.com/fiire 👉 Submit your own question for a future episode: https://affordanything.com/voicemail Learn more about your ad choices. Visit podcastchoices.com/adchoices