Reported about 1 year ago
In June, the US labor market added 206,000 jobs, as reported by the US Bureau of Labor Statistics. Experts like Glassdoor senior economist Daniel Zhao, Longview Economics director Harry Colvin, and Interactive Brokers chief strategist Steve Sosnick discuss the implications of the positive employment data on the US economy. While Sosnick points out concerns about economic deceleration and potential actions from the Federal Reserve, Colvin notes softness in small business job creation, and Zhao mentions the need for a cooling economy to manage inflation. The panel concludes that the job market didn't show significant growth, signaling a slowdown rather than a surge in employment rates, aligning with policymakers' goals. Market experts analyze the data's impact on equities and discuss upcoming challenges, such as potential rate cuts and political risks.
Source: YAHOO