A Cooling Labor Market | Tight US Jobs Report Dampens Fed Easing Hopes: This Week In The Market

Tight US Jobs Report Dampens Fed Easing Hopes: This Week In The Market

Snippet of Article: "...Friday’s May jobs report revealed tighter-than-expected labor market conditions, dampening market expectations of imminent Fed rate cuts. Market expectations no longer fully price in two Fed rate cuts by the end of the year. Investors reduced bets on a September cut...the May employment report delivered mixed messages. While payrolls and wage growth were strong, the rise in the unemployment rate was unexpected, he said. Recent job growth has been concentrated in part-time positions, with a decline in temp jobs indicating a cooling labor market, he said. "

Source: www.msn.com

US Jobs Report (May 2024),Bidenomics,Destruction of America's working class,

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Peter Schiff: Another BS Jobs Report

Snippet of Article: "...The story of America’s job growth is more complex and nuanced than the government wants us to believe. In a world where job numbers wield significant influence over perceptions of economic health, it’s crucial to scrutinize the data—and the methods behind their presentation—closely.

In his latest podcast, Peter Schiff delves into the murky waters of government economic reporting. ..."

Source: schiffgold.com

Government Economic Numbers