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Low unemployment (yay), slowing wage growth (boo), retail job losses continue (ugh)... sparked algos buying in stocks and the dollar and despite some vol in bonds, they are unchanged for now...

More bad news for the US economy: while payrolls could have been worse, it was the sudden collapse in wage growth that was the highlight.

The US employment report is about as hard as the data come. In our view, employment is challenged here and the onus is on the labor stats to pull a rabbit out of the hat...

After the surprisingly poor August payroll report, analysts expect the disappointing trend to continue and forecast a below-trend 145k nonfarm payrolls in September. While the risk is to the upside, the whisper number is for a sub-100K print.

We're already seeing signs of it with chatbots, and some people don't even know that they're chatting with an A.I. engine..." 

"As part of ongoing talent management, many store operating divisions are evaluating middle management..." 

"The wave of 2018 and 2019 IPOs largely driven by the tech sector have been among the worst performing since the dot-com bubble in 1999."

"I can’t imagine a scenario where there would be anything binding about it besides another way to draw attention to the leadership of the company..."

The dominant companies of the 21st century may not just be those that use data most effectively, but those who successfully retrain their existing workforce to effectively compete in a world where data is eating everything.

“Businesses have turned more cautious in their hiring. Small businesses have become especially hesitant. If businesses pull back any further, unemployment will begin to rise."

A 2nd consecutive contraction in US Manufacturing, according to ISM, has sparked selling in stocks and a bid for safe-havens like bonds and gold.

On Friday evening, the government here in Puerto Rico made an announcement to local retirees that many of them would have their pensions cut... Poof. Just like that.

"...evidence suggests that long work hours may impair personal health, jeopardise safety and increase stress."

And among the key pieces of evidence in making the determination was - you guessed it - Elon Musk's Twitter account.

Pay, employee tenure, and management responsibility are the three biggest indicators of turnover at small businesses. They’re also three things that business owners can actually do something about.

Brace yourself, because this stat is about to be utilized by Democrats in every debate and speech between now and November 2020...