Job Market News
Cheryl Grimaldi
There is so much talk about when the Central Bank will lower interest rates. Good news - the job market is too good for an interest rate cut in July. Many predictions said it was slowing and a cut would be coming. The national unemployment rate has increased by just a bit but job growth is strong.
It feels strange. There is an ambivalent feeling on the front lines right now. It is important in these times to watch the actual data versus listening, reading and watching all the talking heads who are trying to gain traction with their opinions. Data talks. The job market remains strong because we have actually added jobs. The below article says it as clearly as you can. Thanks Kiplinger for telling it straight.
May's Jobs Growth Blows Past Forecasts: What the Experts Are Saying
A blowout jobs report and a bit of wage inflation means a Fed pivot towards easing will have to wait.
Go Back It feels strange. There is an ambivalent feeling on the front lines right now. It is important in these times to watch the actual data versus listening, reading and watching all the talking heads who are trying to gain traction with their opinions. Data talks. The job market remains strong because we have actually added jobs. The below article says it as clearly as you can. Thanks Kiplinger for telling it straight.
May's Jobs Growth Blows Past Forecasts: What the Experts Are Saying
A blowout jobs report and a bit of wage inflation means a Fed pivot towards easing will have to wait.
Read in Kiplinger: https://apple.news/Avn6g6UoBS_iQKHePG9LnLQ