US labor market growth points to 'soft, but bumpy landing'

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US Bureau Of Labor Statistics News

President Omair Sharif,Marco Casiraghi,Hard Landing

The US Bureau of Labor Statistics has revised US payroll figures downward by 818,000, and stocks (^DJI, ^IXIC, ^GSPC) are rallying in response to this...

Inflation Insights Founder and President Omair Sharif and Evercore ISI Senior Economist Marco Casiraghi join Catalysts to analyze adjustment in key jobs data.

Turning to market reactions, Casiraghi points out that"the market is very sensitive to daily data," as recession fears seem to be on a"roller coaster." However, he notes that if you"zoom out," you can see that the economy continues to slow down while still growing.

Um So that's point number one is that it's still, despite this big downward revision, um that's still a very healthy growth rate in terms of the monthly jobs added to the economy. And, and, and so overall this picture is more consistent with the soft but bumpy uh landing than a hard landing. De La Rosa thanked Bre Tiesi, LaNisha Cole and Alyssa Scott, who all share kids with Nick Cannon, for letting their kids spend time togetherThe NFL is back, and your options for watching every moment of the action are as plentiful as ever thanks to our friends at NFL Sunday Ticket and YouTube TV.Nathan Rourke and the B.C. Lions will attempt to do something on Saturday night no other CFL team has done this season.

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How the US payroll revisions could impact the marketMany investors are awaiting the benchmark revisions from the Bureau of Labor Statistics which could change how Wall Street has viewed jobs data over the past...
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