Week In Review: The Bright Spot in Friday's Jobs Report
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Last week’s economic data primarily centered on the labor market. We got the JOLTs job openings report, the Employment Situation report, the ADP jobs report and also Challenger and Gray’s announced job cuts report. On balance the job market reports showed that the economy is beginning to weaken, although the overall numbers are quite strong. The Employment Situation report showed that job growth remains robust, and unemployment ticked down. The bond market reacted negatively to the jobs report as the initial take was that the Fed needs to keep tightening. Stocks were closed for the Good Friday holiday. That said, not everything in the jobs report was inflationary.
Week In Review: The Bright Spot in Friday's Jobs Report
Week In Review: The Bright Spot in Friday's…
Week In Review: The Bright Spot in Friday's Jobs Report
Last week’s economic data primarily centered on the labor market. We got the JOLTs job openings report, the Employment Situation report, the ADP jobs report and also Challenger and Gray’s announced job cuts report. On balance the job market reports showed that the economy is beginning to weaken, although the overall numbers are quite strong. The Employment Situation report showed that job growth remains robust, and unemployment ticked down. The bond market reacted negatively to the jobs report as the initial take was that the Fed needs to keep tightening. Stocks were closed for the Good Friday holiday. That said, not everything in the jobs report was inflationary.