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Daily Bread for 7.8.24: National Labor Market Adds 206,000 Jobs with Slight Rise in Unemployment

Good morning.

Monday in Whitewater will be cloudy with a high of 81. Sunrise is 5:25 and sunset 8:34 for 15h 09m 03s of daytime. The moon is a waxing crescent with 7.2 percent of its visible disk illuminated.

Whitewater’s Planning Board meets at 6 PM.

On this day in 1776, church bells (possibly including the Liberty Bell) are rung after John Nixon delivers the first public reading of the Declaration of Independence of the United States.

On this day in 1850, James Jesse Strang Is Crowned King:

On this date, James Jesse Strang, leader of the estranged Mormon faction the Strangites, was crowned king; the only man to achieve such a title in America. When founder Joseph Smith was assassinated, Strang forged a letter from Smith dictating he was to be the heir. The Mormon movement split into followers of Strang and followers of Brigham Young. As he gained more followers (but never nearly as many as Brigham Young), Strang became comparable to a Saint, and in 1850 was crowned King James in a ceremony in which he wore a discarded red robe of a Shakespearean actor, and a metal crown studded with a cluster of stars as his followers sang him hosannas.

Soon after his crowning, he announced that Mormonism embraced and supported polygamy. (Young’s faction was known to have practiced polygamy, but had not at this time announced it publicly.) A number of followers lived in Walworth County, including Strang at a home in Burlington. In 1856 Strang was himself assassinated, leaving five wives. Without Strang’s leadership, his movement disintegrated. 


Josh Schafer reports US labor market adds 206,000 jobs, unemployment rate rises to 4.1%:

The US labor market added more jobs than expected in June while the unemployment rate unexpectedly rose, reaching its highest level since November 2021, another sign that the job market continues to cool.

Data from the Bureau of Labor Statistics released Friday showed the US economy added 206,000 nonfarm payroll jobs in June, more than the 190,000 expected by economists.

The unemployment rate rose to 4.1%, up from 4% in the month prior and the highest reading in almost three years. June’s job additions were a slight decline from May, which saw job gains revised down on Friday to 218,000 from the 272,000 initially reported last month

The skill to take advange of job gains (and benefit the city still more if there should be interest rate cuts) will not be found among Whitewater’s self-promoting “action-oriented” types of fifteen or twenty years ago. The sooner the city turns away from their monkey shines the better.

Indeed, the work of that aged and addled cohort has been worse for the city, in concept and execution, than Monkey Shines the 1988 b-movie horror film:

It’s hard to estimate precisely, but a rough guess is that Whitewater would have been 179.6% better off with a killer monkey than that failed group from yesterday.


What is the rarest animal in the world? The 5 most-endangered species:

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