The Dow and S and P 500 continue the September slump on Thursday ahead of that pivotal August jobs report now finds his very own.Yeah, Josh, you said it right there.
So overall from a headline perspective, a weak reading today, what I took away from the report that was actually from my conversation with ad PS chief economist Neil Richardson.Yes, you look at this and you see some weakness, but there are signs of strength within this labor market that say, maybe, ok, we're, we're seeing less churn, we're seeing less people switching over jobs, but people aren't losing jobs.
People that are leaving are making more than seven, those are both above inflation, maybe real wages are growing and there's some level of strength here. It feels like that's where the markets have been to a lot of up and down, up and down days where the indexes aren't really going anywhere.100 65,000 non farm payroll ads and the unemployment rate to come down to 4.2% from 4.3.If we see 4.3 again, they feel like that might push the fed to 50 bips.Instead, it seems like the unemployment rate and then combined with non farm payrolls.
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