Crude oil prices up nearly 40% in 30 days, Jobs number negative

Investment Analysis Clubs Macro Economic Trends and Risks
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This is about to get very ugly. Oil at $87.80 as I write this.

Can’t cut rates because oil prices are inflationary, yet job losses call for a rate decrease.

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Russian oil is being ushered back into the markets. India and China.

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12,000 manufacturing job lost in February alone, 98,000 manufacturing jobs lost since The Current administration began the revival in US Manufacturing. Looking forward to 2027 another 140,000 manufacturing jobs predicted cut in the US.

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And oil closed up over $91 a barrel. Nasty.

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Oil will close over $114 a barrel by March 12th. Kuwait has completely stopped production.
U.S. votes with Russia and N. Korea against U.N. resolution condemning Russia for the war with Ukraine. The only three countries to vote against.
The current administration is lifting all restrictions on Russian oil exports.
The US will probably provide military aide to Russia even as Russia is providing critical air surveillance to Iran.

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Kuwaiti elites are beginning to talk against the war, but it is hypocritical.

Also, Iran is occupied by a Muslim stranglehold. The Persians are not Muslim. The Arab Muslims are not sure about losing Muslim control over Iran.

Our markets are sliding because of our problems, not the war. If anything, the price of oil is getting profitable.

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FWIW, the change in manufacturing jobs between 2/25 and 2/26 is -98K. For the previous 12 months (2/24-2/25) the change was -181K, twice as many. A improvement seems to be underway.

DB2

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An improvement because they are still declining but the continued decline is less rapid than the previous year’s decline?

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This is assuming the numbers are accurate.

JimA

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10

Yes, that’s the situation.

DB2

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I think that is what I reported.
Further:
U.S. manufacturing sector lost 87,000 jobs in 2024, with the majority of these losses occurring in the second half of the year, according to Bureau of Labor Statistics (BLS) data.

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True and, as noted, that loss was half that which occurred the year before the Current administration took office.

DB2

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