4.1% unemployment indicating 'slack' in US labor market

. PNC Financial Services Group chief economist Gus Faucher joins Market Domination to discuss the reading and what it means for the overall economy.

I I read this report as being very positive, the job market continues to improve, but the pace of job growth is slowing towards a more sustainable pace over the longer run.Uh We saw slower wage growth which is reducing inflationary pressures from the labor market.So household incomes are going up and the economy should continue to expand.

But I think, you know, right now November, but September is still in play, you know, uh time flies by here in a week, we got the big bank earnings just wondering, uh you see anything in the data here uh that maybe we should be concerned about the consumer.Uh As I said, real incomes continue to rise.Uh Obviously travel has been incredibly strong this summer.I think there are some low income consumers who are a little bit stretched.

That being said it takes more than one or two months for the FED to be convinced that inflation is slowing. Donald Trump Congratulates Right-Wing Pal Nigel Farage On UK Election Win But Ignores New Prime Minister Keir Starmer

Argentina Últimas Noticias, Argentina Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Canada’s services economy falls back into contraction in June as decline in new business weighsThe headline business activity index fell to 47.1 from 51.1 in May, posting its lowest level since March
Fuente: globeandmail - 🏆 5. / 92 Leer más »