re: Jobs number blows out expectations - 528k vs 268k expectation, unemployment falls to 3.5%

Well when the extra jobs are taking because more people are worming multiple and the labor participation rate removes those who are no longer even looking for a job numbers will look different

quote:

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China is done as a major US supplier and will continue to disconnect.

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Saw something interesting in an article on the whatever they are calling it now spending bill on this point:

“Automakers and consumers likely won't be able to take advantage of this tax credit over the next few years. At the insistence of Democratic Sen. Joe Manchin, the tax credit was written in a way so that automakers are forced to move their EV supply chains away from China and to the US and countries where the US has free trade agreements. Vehicles must be built in North America, and EV batteries must also not come from countries like China.

As a result, US automakers likely won't be able to offer the credit in the next few years as they try to build up their domestic supply chains, Democratic Sen. Debbie Stabenow of Michigan said.“

I assume that restriction has loopholes big enough to drive Tesla through, but interesting nonetheless.