August 2022

Beep beep. Lyft's earnings report is here. Last quarter was better than expected — with a 44% growth in revenue year-over-year. And even though the company saw a decline in active riders, the numbers were still leaps and bounds better than pandemic levels. The company expects to have a high-revenue second quarter, which would definitely Lyft investors’ spirits.

Time for a status check on the job market. Last month’s report was a pleasant surprise for analysts. Employers added 372,000 jobs — about 100,000 more than expected. And the unemployment rate stayed steady at 3.6%. We’ll see if things stayed steady in July.