Wednesday May 22nd, 4:58PM EDT
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The unemployment rate fell for the fifth straight month after a surge of January hiring. Is this a promising shift in the outlook for job growth?
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Every Success,
The MarketClub team
If you follow headline news, then we don’t have to tell you about the kind of hit that the recent job report had on the major markets today. OUCH. Today the DJI fell 253.31 points, the S&P 500 lost 30.45 points, and the Nasdaq fell 65.71 points.
The government estimated the economy added no jobs at all in August, and the unemployment rate was unchanged at 9.1%. The recent job report was a definite letdown for investors today, so we want to know....
Loading ...As always, we would love to hear your thoughts on this current situation or even where you think things may go from here. Be sure to share in our comments section!
Every Success,
The MarketClub Team
If you follow headline news, then we don’t have to tell you about the kind of hit that the recent job report had on the major markets this week. OUCH. Just today the DJI fell 105 points, the S&P 500 lost 10 points, and the Nasdaq fell 21 points. The DOW alone shed over 400 points since Wednesday!
The increase in unemployment has caused major concern for experts, as well as all of us regular ol’ citizens of the USA. The recent job report was a definite letdown, especially for economists who were predicting a rate of improvement from 9% to 8.9%. Yet here we are with an unemployment rate of 9.1%.
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