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"Strong" Labor Market Is Really Just Summertime Bartenders

The Bitcoin Layer
The Bitcoin Layer
Episode • Jul 7, 2023 • 15m
Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. WARNING: Labor Market In Mirror May Be Weaker Than It Appears. In this video, Joe breaks down how the "strong" ADP employment data paired with today's NFP and wage data paints a deceptively strong picture of the labor market, one that the Fed will use as cannon fodder for another ill-fated hike on July 26th. New YouTube videos M/W/F — New Substack posts T/R/S Sponsored By Foundation Devices — see what best-in-class Bitcoin storage feels like at thebitcoinlayer.com/foundation Get $10 off with promo code BITCOINLAYER Subscribe to TBL on Substack: https://TheBitcoinLayer.substack.com Follow TBL on Twitter: https://twitter.com/TheBitcoinLayer Follow TBL on LinkedIn: https://linkedin.com/company/TheBitco... Follow TBL on Instagram: https://instagram.com/TheBitcoinLayer Follow TBL on TikTok: https://www.tiktok.com/@thebitcoinlayer Subscribe to The Bitcoin Layer on your favorite podcast platform. Subscribe and turn on notifications for TBL on YouTube. Use code TBLYT10 for 10% off all The Bitcoin Layer Merch at http://TheBitcoinLayer.com/merch Sign up for the free Monetary History course on @SaylorAcademy : http://sylr.org/MonetaryHistory Contribute to The Bitcoin Layer via Lightning Network: thebitcoinlayer@zbd.gg Nik Bhatia's Twitter: https://twitter.com/timevalueofbtc Research Associate Joe Consorti's Twitter: https://twitter.com/JoeConsorti Creative Director Matthew Ball's Twitter: https://twitter.com/matthewrball Block Height 797663 #TheBitcoinLayer #NikBhatia #JoeConsorti #Labor #LaborMarkets #Jobs #SummerJobs #Summer #Leisure #Hospitality #HospitalityJobs #FEDFunds #FED #Funds #Employment #Data #Indicator #Indicators #Supply #21Million #Asset #Bitcoin #Dollar #Sats #BTC #Market #Currency #Crypto #Analysis #Investment #News #Finance #Education #Blockchain #Blockchain #Mining #BitcoinMining #Macro The Bitcoin Layer and its guests do not provide investment advice.

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