032: Understanding the Monthly Jobs Report 08-04-23
Are you ready to truly understand the monthly jobs report and its impact on the equity market? By the end of this episode, you may have a whole new perspective. I’m Megan Horneman, Chief Investment Officer for Verdence Capital Advisors, and I’ll be your guide as we navigate this seemingly ‘just right’ report. Today, we appreciate the decrease in the unemployment rate, celebrate the better-than-anticipated average hourly earnings, and cheer for the decline in the underemployment rate.
As we delve deeper, we reveal the slowest duo of job creation months since the end of 2020 and the beginning of 2021. We’ll discuss the significance of the declining weekly work hours and the downward trend of temporary workers, and how these could mean a potential rise in unemployment. The market may be happy with this report for now, but we’ll explore what it might imply for the Fed’s decisions. So, join us for a revealing conversation, and don’t forget to drop us a line with your queries or comments.
