It would be interesting if statistics could be broken down:
Number of jobs filled by US Citizens increased by x,000.
Number of jobs filled by Non-Citizens increased by y,000.
Manufacturing: There have been announcements of new manufacturing. The announcements seem to be for new jobs in the future. Rivian in GA is a good example...Manufacturing jobs always seem to move out 6 more months in the future.
But manufacturing closings are always in the present and not the future. That makes bringing the two together difficult.
Labor statistics are rear-view. Promises of new jobs (some of which will never materialize) are great, but they don’t guide Fed policy.
Bond rates are softening today due to job weakness. As I said earlier in the week, I’m long TLT (the 20-yeaar Treasury ETF), and of course GLD is extending its rally based on the anticipation of rate cuts.