Why the market is obsessed with unemployment | CNN Business

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Low unemployment rates and wage growth may appear to be good for an economy that's close to recession, but has actually proven bad for markets

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. As the year comes to a close, it seems that the market’s focus on inflation rates are shifting to a new area of concern: Unemployment.

Sam Bankman-Fried to appear in court Monday to drop extradition fight Former FTX CEO Sam Bankman-Fried is expected to appear in a Bahamas court on Monday to reverse his decision to contest extradition to the US, a person familiar with the matter told CNN. Bankman-Fried is expected to agree to extradition to the US, the person said. Reuters first reported thank Bankman-Fried would withdraw his extradition fight Monday, reports my colleague Kara Scannell.

 

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The big money boys don't care that you have to feed a family of four on a single can of tuna and a loaf of day-old bread, so long as their stock goes up.

Oh no, the stock market. Super-rich people are slightly less super-rich. The world is doomed. The horror, the horror.

Low unemployment doesn't mean squat with a low labor participation rate.

Clearly along with woman CNN does not know what recession means.

Biden lied about job numbers and grossly overstated the numbers. Conveniently it's coming to light only AFTER the mid-terms. This is why I have trust issues.

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