What I Read This Week…

The U.S. economy added 12,000 jobs in October, Berkshire Hathaway’s cash position has reached a record high, and scientists may have discovered a new explanation for how overeating leads to diabetes

Watch All-In E202 Read our Deep Dive: Understanding Federal Agencies Caught My Eye… The U.S. economy added just 12,000 jobs in October 2024, down from 223,000 in September 2024, marking the weakest monthly job growth in two years. What is driving this slowdown? While healthcare added 52,000 jobs and government employment increased by 40,000, these gains were largely offset by losses in the manufacturing sector, which lost 46,000 jobs. The decline in manufacturing jobs was driven primarily by the Boeing strike, where more than 44,000 machinists and aerospace workers have stopped working.…

related reading

• Changing times (or, why is every layoff 10-15%?)blog.eladgil.com
• Berkshire Hathaway Letterberkshirehathaway.com
• Morning Brew | Business News and Trends | Morning Brewmorningbrew.com
• STRIKE! Magazine – On the Phenomenon of Bullshit Jobsstrikemag.org
• Sự suy vi của tầng lớp lao động nền kinh tế lớn nhất thế giới | Vietstockvietstock.vn
• The Economy Is Stupid - by J. Daniel Sawyerjdanielsawyer.substack.com
• Did California's Fast Food Minimum Wage Reduce Employment?nber.org
• Lump of labour fallacy - Wikipediaen.wikipedia.org
• 11_355.pdfanderson.ucla.edu
• The Post‑COVID Decline in the Labor Sharelibertystreeteconomics.newyorkfed.org
• The Four Horsemen of the Tech Recession – Stratechery by Ben Thompsonstratechery.com
• The Four Horsemen of the Tech Recession – Stratechery by Ben Thompsonstratechery.com