Tag Archive: stocks market collapse

Jobs Data Disappoints

Last Friday, the U.S. Department of Labor released its Employment Situation report for the month of August. According to the report, the U.S. added 151,000 jobs in August, well below consensus estimates of 175,000 jobs. The unemployment rate held steady at 4.9 percent. While the addition of 151,000 jobs might sound pretty solid when taken at face value, the number was a clear miss and may drive a shift in interest rate expectations. The week before last, the rhetoric coming out of the Fed symposium... Continue Reading

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