-
Here’s what you need to know about the big US jobs report Friday
A strong jobs market could equal a weak stock market if current trends hold up. Friday’s nonfarm payrolls report will provide a major test for Wall Street, which has been on edge all week about a surprisingly resilient labor picture. The fear is that if the tight labor market holds up, the Federal Reserve will hold interest rates high and jeopardize the U.S. economy at a critical time. Economists surveyed by Dow Jones expect that September will show a net 170,000 new jobs. Significantly more than that could provide a good-news-is-bad-news jolt to an already reeling market. “The market views all components of the ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Oct 6, 2023 7:56am Oct 6, 2023 7:56am
- hesron
- Joined Dec 2012 | Status: Member | 1917 Comments
Follow price direction
- Comment #2
- Quote
- Oct 6, 2023 8:33am Oct 6, 2023 8:33am
- chiche
- Joined Jul 2010 | Status: Member | 37 Comments
- Comment #3
- Quote
- Oct 6, 2023 8:36am Oct 6, 2023 8:36am
- hesron
- Joined Dec 2012 | Status: Member | 1917 Comments
Follow price direction