Greetings,
The United States: While the private sector of the labor market has rebounded from the pandemic, state and local government job growth has lagged behind.
![](https://thedailyshot.com/wp-content/uploads/US-State-and-local-gov-job-growth2209230438.png)
A key reason for lagging public-sector labor supply recovery is sluggish wage growth. A significant component of this trend are public school teachers, many of whom are not returning to work.
![](https://thedailyshot.com/wp-content/uploads/US-State-and-local-wages2209230438.png)
The Eurozone: Consumer confidence is at multi-decade lows.
![](https://thedailyshot.com/wp-content/uploads/EZ-Cons-Conf2209230438.png)
Japan: Japanese authorities intervened in the currency market on Thursday. It was the first time Japan had sold dollars since 1998. The yen jumped.
![](https://thedailyshot.com/wp-content/uploads/JP-JPY-ST2209230438.png)
![](https://thedailyshot.com/wp-content/uploads/JP-JPY22209230438.png)
Emerging Markets: Turkey’s central bank cut rates by 100 bps. Why not – the core inflation is only 66%.
![](https://thedailyshot.com/wp-content/uploads/EM-TU-Unexpected-Cut2209230438.png)
Cryptocurrency: It’s been a tough week for cryptos, although XRP continues to outperform.
![](https://thedailyshot.com/wp-content/uploads/BT-1A2209230438.png)
Equities: Investors are most bearish since the financial crisis.
![](https://thedailyshot.com/wp-content/uploads/EQ-Investors-are-most-bearish-since-the-financial-crisis2209230438.png)
The S&P 500 is nearing oversold territory.
![](https://thedailyshot.com/wp-content/uploads/EQ-SPX-nearing-oversold-territory-the-bounce-may-not-hold2209230438.png)
Food for Thought: Here’s a look at NFL vs. NBA sports fans internationally.
![](https://thedailyshot.com/wp-content/uploads/VTF-NFL-v-NBA-sports-fans-internationally2209230438.png)
Edited by Alexander Bowers
Contact the Daily Shot Editor: Brief@DailyShotResearch.com