Reported about 2 months ago
Insigneo's Chief Investment Officer Ahmed Riesgo warns that ongoing weaknesses in the labor market may drive U.S. unemployment to 6%, citing a drop in labor demand coupled with an increase in labor supply. While consumer job stability currently supports spending, a rise in unemployment could destabilize consumer confidence. He advises investors to focus on sectors such as utilities and healthcare as potential safe havens in this uncertain economic climate.
Source: YAHOO