Read our latest Global Investment Views!
[#Insights] US Payrolls stay strong, but unemployment rate hits 4.0% and could impact economic growth. Find out how this could affect the market in our latest Global Investment Views: https://ow.ly/oIhl50SChr9
Sales Leader Amundi US | Growth Champion | Player Coach | SVP, Divisional Sales Manager East
Read our latest Global Investment Views!
[#Insights] US Payrolls stay strong, but unemployment rate hits 4.0% and could impact economic growth. Find out how this could affect the market in our latest Global Investment Views: https://ow.ly/oIhl50SChr9
Read our latest Global Investment Views!
[#Insights] US Payrolls stay strong, but unemployment rate hits 4.0% and could impact economic growth. Find out how this could affect the market in our latest Global Investment Views: https://ow.ly/oIhl50SChr9
Read our latest Global Investment Views!
[#Insights] US Payrolls stay strong, but unemployment rate hits 4.0% and could impact economic growth. Find out how this could affect the market in our latest Global Investment Views: https://ow.ly/oIhl50SChr9
Read our latest Global Investment Views!
[#Insights] US Payrolls stay strong, but unemployment rate hits 4.0% and could impact economic growth. Find out how this could affect the market in our latest Global Investment Views: https://ow.ly/oIhl50SChr9
US payrolls rose in March by the most in nearly a year and the unemployment rate dropped, pointing to a strong labor market that’s powering the economy. https://hubs.la/Q02s41t20 #economicoutlook #economy #unemploymentrate #labormarket
On PULSE this week, Andreas Steno highlights the U.S. labour market, which has gained attention with stronger-than-expected non-farm payrolls but worsening initial jobless claims. Meanwhile, optimism is rising in China, following the announcement of a new fiscal stimulus, though the ongoing stimulus is expected to sustain momentum in assets and growth. What are the implications of all this on your clients’ portfolios? Tune in to the full episode of our latest macro bulletin. https://lnkd.in/gFChQS8u
Founder @ Marquee Finance by Sagar LLC | Financial Newsletter, Global Macroeconomic Analysis | Investor | Trader
There is a narrative all around social media that the labour market in the world's largest economy is resilient; however, among many indicators that we track, most of them are flashing red. One of them is the Conference Board ETI, which is trending lower. If this trend continues, the data will soon turn recessionary. According to market participants last week, one of the biggest turning points was the "Non-Farm Payrolls," which surprised on the upside (massive beat). Note that since we are just a month away from the elections, we need to track the government data (BLS) closely, which will be subject to massive revisions after the elections. After joining the dots, hard landing remains the base case scenario.
Today’s US payrolls report indicated continued strength in the labor markets. The December jobs report showed 216,000 adds for the month, and the unemployment rate staying steady at 3.7%. These kinds of numbers will make the fight against inflation more challenging and likely persuade the Fed to keep interest rates higher for longer. However, it does backstop MoneyLetter’s view of a “soft landing” for the US economy, which would be good for stocks later in 2024.
"Lower than expected growth in July payrolls (114K) and an increase in the unemployment rate to 4.3% raised market concerns in early August that the Fed might be behind on cutting interest rates." Read more from our September Market Update: #marketupdate #financialnews
